MasTec Given Average Rating of “Buy” by Brokerages (NYSE:MTZ)
Shares of MasTec (NYSE:MTZ) have received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, American Banking News.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $38.38.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of MasTec in a research note on Wednesday, August 13th. They now have a $26.00 price target on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of MasTec from $44.00 to $39.00 in a research note on Wednesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of MasTec in a research note on Wednesday, August 13th. They now have a $38.00 price target on the stock, down previously from $44.00.
MasTec (NYSE:MTZ) traded down 0.39% on Thursday, hitting $30.51. 253,013 shares of the company’s stock traded hands. MasTec has a one year low of $26.38 and a one year high of $44.80. The stock’s 50-day moving average is $28.93 and its 200-day moving average is $35.81. The company has a market cap of $2.496 billion and a price-to-earnings ratio of 19.39.
MasTec (NYSE:MTZ) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that MasTec will post $1.56 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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