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Dycom Industries (NYSE:DY)‘s stock had its “underperform” rating restated by Zacks in a research note issued on Friday. They currently have a $27.00 price target on the stock. Zacks‘s price target would indicate a potential downside of 10.03% from the stock’s previous close.

Zacks’ analyst wrote, “We are reaffirming our Underperform recommendation on Dycom Industries with a target price of $27. This specialty contracting firm reported modest third-quarter 2014 results. The company has been benefiting from growing demand for high-speed mobile Internet and 4G/LTE services, along with increasing investments in the fiber industry. However, the company was impacted by lower sales and profit in the wake of a harsher winter since the latter half of the second quarter of 2014. Severe snowfall and exceptionally cold temperatures resulted in lower number of available workdays for most of this quarter as well which had an unfavorable impact on productivity and margins of the company.”

Shares of Dycom Industries (NYSE:DY) traded down 0.37% during mid-day trading on Friday, hitting $29.90. 366,797 shares of the company’s stock traded hands. Dycom Industries has a one year low of $21.86 and a one year high of $34.00. The stock’s 50-day moving average is $31.53 and its 200-day moving average is $29.31. The company has a market cap of $1.012 billion and a price-to-earnings ratio of 27.16.

Dycom Industries (NYSE:DY) last released its earnings data on Tuesday, May 20th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $426.30 million for the quarter, compared to the consensus estimate of $429.56 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Dycom Industries will post $1.16 EPS for the current fiscal year.

Separately, analysts at Stifel Nicolaus raised their price target on shares of Dycom Industries from $33.00 to $35.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.36.

Dycom Industries, Inc is a provider of specialty contracting services. The services, which are provided throughout the United States and in Canada, include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.

To view Zacks’ full report, visit Zacks’ official website.

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