MasTec (MTZ) : 11 analysts are covering MasTec (MTZ) and their average rating on the stock is 1.36, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
MasTec (MTZ) stock is expected to deviate a maximum of $5.95 from the average target price of $30.32 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $35 and the most muted being $20.
Shares of MasTec, Inc. rose by 1.28% in the last five trading days and 27.73% for the last 4 weeks. MasTec, Inc. is up 35.53% in the last 3-month period. Year-to-Date the stock performance stands at 77.56%. MasTec (NYSE:MTZ): stock turned positive on Tuesday. Though the stock opened at $30.7, the bulls momentum made the stock top out at $30.92 level for the day. The stock recorded a low of $30.52 and closed the trading day at $30.86, in the green by 1.08%. The total traded volume for the day was 382,654. The stock had closed at $30.53 in the previous days trading.
MasTec, Inc. is an infrastructure construction company. The Companys primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure. The Company manages its operations under five operating segments: Communications; Oil and Gas; Electrical Transmission; Power Generation and Industrial, and Other. The Company offers its services primarily under the MasTec service mark and it has operations across 460 locations. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, including wireless services; natural gas, natural gas liquids and petroleum pipeline; and electrical transmission, among others.