Share on StockTwits

Shares of MasTec (NYSE:MTZ) have been given an average rating of “Buy” by the eleven ratings firms that are covering the stock, Stock Ratings Network reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.63.

MasTec (NYSE:MTZ) opened at 30.31 on Friday. MasTec has a 52-week low of $27.96 and a 52-week high of $44.80. The stock has a 50-day moving average of $31.30 and a 200-day moving average of $37.05. The company has a market cap of $2.351 billion and a price-to-earnings ratio of 18.52. MasTec also was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 6,671,651 shares, a decrease of 31.9% from the June 13th total of 9,794,813 shares. Based on an average daily volume of 2,106,326 shares, the days-to-cover ratio is presently 3.2 days. Approximately 10.8% of the shares of the stock are sold short.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $964.00 million for the quarter, compared to the consensus estimate of $920.95 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that MasTec will post $1.93 EPS for the current fiscal year.

MTZ has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of MasTec in a research note on Monday. They now have a $39.00 price target on the stock, down previously from $40.00. Separately, analysts at Zacks downgraded shares of MasTec from an “outperform” rating to an “underperform” rating in a research note on Friday, July 11th. They now have a $27.00 price target on the stock. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of MasTec in a research note on Friday, June 27th. They now have a $50.00 price target on the stock.

MasTec, Inc, is an infrastructure construction company operating mainly throughout North America across a range of industries.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.