MasTec (MTZ) : Traders are bullish on MasTec (MTZ) as it has outperformed the S&P 500 by a wide margin of 13.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 15.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15.54% in the last 1 week, and is up 16.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
MasTec (NYSE:MTZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.99 and $25.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.25, notching a gain of 15.92% for the day. The total traded volume was 3,657,398 . The stock had closed at $24.37 on the previous day.
The stock has recorded a 20-day Moving Average of 15.56% and the 50-Day Moving Average is 19.99%. MasTec, Inc. is up 26.51% in the last 3-month period. Year-to-Date the stock performance stands at 62.54%.
MasTec (MTZ) : 12 Wall Street analysts covering MasTec (MTZ) believe that the average level the stock could reach for the short term is $24.79. The maximum price target given is $29 and the minimum target for short term is around $20, hence the standard deviation is calculated at $2.59.
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.