MasTec Inc. Reaches New 12-Month High at $36.57 (MTZ)
MasTec (NYSE:MTZ)’s share price reached a new 52-week high during mid-day trading on Friday, Analyst Ratings Network reports. The stock traded as high as $36.57 and last traded at $36.10, with a volume of 660,027 shares traded. The stock had previously closed at $35.81.
A number of research firms have recently commented on MTZ. 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $38.44.
MasTec has a 52 week low of $26.27 and a 52 week high of $36.30. The stock’s 50-day moving average is $33.3 and its 200-day moving average is $32.53. The company has a market cap of $2.776 billion and a price-to-earnings ratio of 22.16.
MasTec, Inc, is an infrastructure construction company operating mainly throughout North America across a range of industries.
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