Analyst Price Target Update on MasTec (NYSE:MTZ)

MasTec (NYSE:MTZ): 12 analysts have set the short term price target of MasTec (NYSE:MTZ) at $24.46. The standard deviation of short term price target has been estimated at $2.61, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 29 and $20 respectively.

Many analysts have stated their opinion on the company shares. Canaccord Genuity initiates coverage on MasTec (NYSE:MTZ) . The global brokerage major announces a current price target of $23 per share. Analysts at the Canaccord Genuity have a current rating of Buy on the shares. The rating by the firm was issued on April 11, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Dwyer Robert J, director of Mastec Inc, had unloaded 5,860 shares at an average price of $19.96 in a transaction dated on March 21, 2016. The total value of the transaction was worth $116,966.

MasTec (NYSE:MTZ) : On Monday heightened volatility was witnessed in MasTec (NYSE:MTZ) which led to swings in the share price. The stock opened for trading at $22.2 and hit $23.03 on the upside , eventually ending the session at $22.85, with a gain of 1.92% or 0.43 points. The heightened volatility saw the trading volume jump to 963,592 shares. The 52-week high of the share price is $24.67 and the company has a market cap of $1,879 million. The 52-week low of the share price is at $12.435 .

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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