MasTec, Inc. (NYSE:MTZ) Given Average Recommendation of “Buy” by Brokerages

Shares of MasTec, Inc. (NYSE:MTZ) have been given a consensus recommendation of “Buy” by the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $238.1579.

Several equities research analysts have weighed in on the company. KeyCorp reiterated an “overweight” rating and issued a $264.00 target price on shares of MasTec in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a report on Monday, December 29th. Zacks Research raised shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Stifel Nicolaus increased their target price on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Barclays boosted their price target on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 23rd.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently bought and sold shares of MTZ. Salomon & Ludwin LLC raised its position in shares of MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Caldwell Trust Co purchased a new position in MasTec in the second quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust lifted its position in shares of MasTec by 253.7% during the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after buying an additional 137 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of MasTec during the second quarter valued at about $43,000. Institutional investors own 78.10% of the company’s stock.

MasTec Stock Performance

MasTec stock opened at $283.58 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market capitalization of $22.37 billion, a PE ratio of 67.36 and a beta of 1.94. The company has a 50 day moving average price of $239.09 and a 200-day moving average price of $213.11. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $284.68.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.