MasTec (MTZ) has risen sharply, recording gains of 22.86% in the past 4 weeks. However, the stock has corrected -0.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 23.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.53% and the fifty day Moving Average is 17.11%. MasTec, Inc. is up 31.64% in the last three month period. Year-to-Date the stock performance stands at 72.84%.
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.
MasTec (NYSE:MTZ): On Fridays trading session , Opening price of the stock was $30.39 with an intraday high of $30.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.9. However, the stock managed to close at $30.04, a loss of 1.05% for the day. On the previous day, the stock had closed at $30.36. The total traded volume of the day was 425,584 shares.
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.