MasTec (MTZ) Receives Analyst Rating

MasTec (MTZ) has an average broker rating of 1.36, which is interpreted as a Strong Buy, as rated by 11 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

MasTec (MTZ) : The most positive equity analysts on MasTec (MTZ) expects the shares to touch $35, whereas, the least positive believes that the stock will trade at $23 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $31.14 with an expected fluctuation of $4.92 from the mean.


Also, In a research note released to the investors, Citigroup maintains its rating on MasTec (NYSE:MTZ).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $26 per share to $30 per share. The rating by the firm was issued on August 8, 2016.

MasTec (NYSE:MTZ): After opening at $27.11, the stock dipped to an intraday low of $27.015 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.79 and the buying power remained strong till the end. The stock closed at $27.66 for the day, a gain of 1.95% for the day session. The total traded volume was 610,216. The stocks close on the previous trading day was $27.13.

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.

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