MasTec Reaches New 52-Week Low at $27.62 (MTZ)
MasTec (NYSE:MTZ) hit a new 52-week low on Tuesday , Analyst Ratings.Net reports. The stock traded as low as $27.62 and last traded at $27.89, with a volume of 317,317 shares. The stock had previously closed at $28.12.
A number of research firms have recently commented on MTZ. Analysts at Barclays reiterated an “overweight” rating on shares of MasTec in a research note on Monday, July 21st. 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $41.63.
The stock’s 50-day moving average is $30.62 and its 200-day moving average is $36.90. The company has a market cap of $2.147 billion and a P/E ratio of 17.32.
MasTec (NYSE:MTZ) last issued its quarterly earnings data 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. On average, analysts predict that MasTec will post $1.90 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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