MasTec Inc. Sets New 1-Year High at $35.34 (MTZ)
MasTec (NYSE:MTZ)’s share price reached a new 52-week high during mid-day trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $35.34 and last traded at $35.16, with a volume of 441,593 shares traded. The stock had previously closed at $34.77.
MTZ has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of MasTec from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $33.40 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of MasTec in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of MasTec in a research note to investors on Tuesday, December 10th. They now have a $39.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $38.44.
MasTec has a 52-week low of $25.96 and a 52-week high of $35.31. The stock has a 50-day moving average of $31.98 and a 200-day moving average of $32.32. The company has a market cap of $2.719 billion and a P/E ratio of 21.52.
MasTec (NYSE:MTZ) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts predict that MasTec will post $1.88 earnings per share for the current fiscal year.
MasTec, Inc, is an infrastructure construction company operating mainly throughout North America across a range of industries.
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