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Dycom Industries (NYSE:DY)‘s stock had its “underperform” rating restated by Zacks in a research report issued to clients and investors on Monday. They currently have a $28.00 price objective on the stock. Zacks‘s price target indicates a potential downside of 10.29% from the company’s current price.

Zacks’ analyst wrote, “We are reaffirming our Underperform recommendation on Dycom Industries with a target price of $28. This specialty contracting firm reported modest fourth-quarter 2014 results. The company’s business is dependent upon the level of capital expenditures. Recently, the ongoing changes in the telecommunications industry are leading to uncertainty in capital expenditure levels which can prove to be a headwind for the company. Further, unpredictable weather conditions can weigh on its margins significantly. However, the company has been benefiting from growing demand for high-speed mobile Internet and 4G/LTE services which remains a positive.”

Dycom Industries (NYSE:DY) traded up 1.69% on Monday, hitting $31.21. The stock had a trading volume of 205,274 shares. Dycom Industries has a 52-week low of $24.72 and a 52-week high of $34.00. The stock’s 50-day moving average is $29.21 and its 200-day moving average is $30.23. The company has a market cap of $1.060 billion and a price-to-earnings ratio of 26.69.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $482.10 million for the quarter, compared to the consensus estimate of $487.20 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Dycom Industries will post $1.52 earnings per share for the current fiscal year.

Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Dycom Industries in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.58.

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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