MasTec (NYSE:MTZ) had its price target increased by research analysts at Citigroup from $62.00 to $68.00 in a research report issued on Tuesday, February 6th. The firm presently has a “buy” rating on the construction company’s stock. Citigroup’s price target points to a potential upside of 37.10% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on MTZ. Barclays started coverage on shares of MasTec in a report on Tuesday, December 12th. They set an “overweight” rating and a $54.00 price target for the company. Robert W. Baird upgraded shares of MasTec from a “neutral” rating to an “outperform” rating and upped their price target for the company from $51.00 to $53.00 in a report on Monday, November 6th. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, January 3rd. ValuEngine upgraded shares of MasTec from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, B. Riley restated a “buy” rating and set a $67.00 price target (up from $66.00) on shares of MasTec in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $58.94.
Shares of MasTec (NYSE:MTZ) opened at $49.60 on Tuesday. The stock has a market cap of $4,080.00, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.12 and a beta of 1.49. MasTec has a fifty-two week low of $35.75 and a fifty-two week high of $55.53. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new position in MasTec in the fourth quarter worth about $122,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of MasTec during the fourth quarter worth approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MasTec by 53.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock worth $166,000 after buying an additional 1,175 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of MasTec by 13.1% during the second quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock worth $167,000 after buying an additional 430 shares in the last quarter. Finally, Cpwm LLC acquired a new stake in shares of MasTec during the fourth quarter worth approximately $208,000. Institutional investors and hedge funds own 72.33% of the company’s stock.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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