Dycom Industries (DY) Receives Analyst Rating

Dycom Industries (DY) : 7 brokerage houses believe that Dycom Industries (DY) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Dycom Industries (DY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

Dycom Industries (DY) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $121 and the lowest price target forecast is $80. The average forecast of all the analysts is $100.83 and the expected standard deviation is $15.12.


Also, Major Brokerage house, FBR Capital maintains its ratings on Dycom Industries (NYSE:DY). In the latest research report, FBR Capital raises the target price from $115 per share to $121 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

Dycom Industries (NYSE:DY): The stock opened in the green at $81.2 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $81.87 and a low of $80.06 for the day. The stock did not find buyers even at the lows and closed at $80.44 recording a loss of -0.90%. 711,009 shares exchanged hands during the trading day. The stock had closed at $81.17 in the previous days trading.

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities. It offers engineering services, which include the design of aerial, underground and buried fiber optic, copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumers home or business. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication and site testing services.

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