MasTec Hits New 12-Month High at $36.74 (MTZ)
MasTec (NYSE:MTZ) reached a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $36.74 and last traded at $36.13, with a volume of 458,517 shares. The stock had previously closed at $35.70.
A number of analysts have recently weighed in on MTZ shares. Analysts at Zacks upgraded shares of MasTec from an “underperform” rating to a “neutral” rating in a research note 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 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 on Tuesday, December 10th. They now have a $39.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $38.44.
The stock’s 50-day moving average is $34.47 and its 200-day moving average is $32.59. The company has a market cap of $2.792 billion and a P/E ratio of 22.09.
MasTec, Inc, is an infrastructure construction company operating mainly throughout North America across a range of industries.