Analyst Rating Update on Quanta Services (PWR)

Quanta Services (NYSE:PWR) : 11 analysts are covering Quanta Services (NYSE:PWR) and their average rating on the stock is 1.73, which is read as a Buy. 7 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 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Quanta Services (NYSE:PWR) stock is expected to deviate a maximum of $2.26 from the average target price of $27.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $23.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Deutsche Bank assumes its outlook on Quanta Services (NYSE:PWR). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $29 per share. The rating by the firm was issued on April 6, 2016.

Quanta Services (NYSE:PWR): stock turned positive on Tuesday. Though the stock opened at $22.02, the bulls momentum made the stock top out at $22.15 level for the day. The stock recorded a low of $21.6 and closed the trading day at $21.92, in the green by 0.92%. The total traded volume for the day was 2,187,607. The stock had closed at $21.72 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Conaway John Michal, director of Quanta Services Inc, had unloaded 9,000 shares at an average price of $28.12 in a transaction dated on May 7, 2015. The total value of the transaction was worth $253,080.

Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.

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