MasTec Given Average Recommendation of “Buy” by Brokerages (NYSE:MTZ)
MasTec (NYSE:MTZ) has earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, American Banking News reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered 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.
Shares of MasTec (NYSE:MTZ) opened at 30.50 on Thursday. 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 $28.92 and its 200-day moving average is $35.7. The company has a market cap of $2.495 billion and a P/E ratio of 19.38.
MasTec (NYSE:MTZ) last released its 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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