After Today’s Bullish Options Activity, Is MasTec, Inc.’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is MasTec, Inc.'s Near Term Analysis Positive?

In today’s session MasTec, Inc. (MTZ) registered an unusually high (3,045) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MTZ increase. With 3,045 contracts traded and 3054 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MTZ161118C00029000 closed last at: $1.05 or 19.2% down. About 95,489 shares traded hands. MasTec, Inc. (NYSE:MTZ) has risen 35.56% since April 1, 2016 and is uptrending. It has outperformed by 34.34% the S&P500.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Out of 8 analysts covering MasTec (NYSE:MTZ), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $28 is the highest target while $16 is the lowest. The $22.43 average target is -18.88% below today’s ($27.65) stock price. MasTec has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Stephens on Monday, September 21 with “Buy”. The firm earned “Buy” rating on Thursday, November 12 by Craig Hallum. The rating was initiated by Citigroup with “Neutral” on Friday, November 13. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, August 25. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 5. FBR Capital maintained MasTec, Inc. (NYSE:MTZ) on Tuesday, September 1 with “Outperform” rating. The firm earned “Outperform” rating on Monday, August 3 by FBR Capital. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Hold”.

According to Zacks Investment Research, “MASTEC INC. is one of the largest providers of construction services to the telecommunications industry in the United States. The Company’s principal business consists of the installation and maintenance of aerial, underground and buried copper and fiber optic cable, underground conduit, manhole systems and relatessed construction for local telephone companies, including Regional Bell Operating Companies such as BellSouth Telecommunications, Inc., U.S. West, Inc. and SBC Communications, Inc., and non-Bell local telephone companies such as Sprint Corp., and GTE Corp.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.51, from 1.47 in 2016Q1. The ratio turned negative, as 23 funds sold all MasTec, Inc. shares owned while 68 reduced positions. 35 funds bought stakes while 52 increased positions. They now own 57.23 million shares or 0.83% less from 57.71 million shares in 2016Q1.
The North Carolina-based Sheets Smith Wealth Mgmt has invested 0.07% in MasTec, Inc. (NYSE:MTZ). Cornerstone Capital Holding holds 0.02% or 91,788 shares in its portfolio. Blackrock Inv Mgmt Ltd Liability Corp has invested 0.01% of its portfolio in MasTec, Inc. (NYSE:MTZ). Messner And Smith Theme Value Ca last reported 3.63% of its portfolio in the stock. Robeco Institutional Asset Mgmt Bv holds 0.02% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 93,824 shares. Vanguard Group Inc has invested 0.01% of its portfolio in MasTec, Inc. (NYSE:MTZ). Moreover, Friess Assocs Ltd has 0.83% invested in MasTec, Inc. (NYSE:MTZ) for 365,500 shares. Moreover, Wells Fargo And Mn has 0% invested in MasTec, Inc. (NYSE:MTZ) for 377,959 shares. State Of New Jersey Common Pension Fund D reported 400,000 shares or 0.04% of all its holdings. Moreover, Tower Rech Cap Ltd Liability Corporation (Trc) has 0.01% invested in MasTec, Inc. (NYSE:MTZ) for 6,237 shares. Nationwide Fund Advsr accumulated 86,786 shares or 0.01% of the stock. Bridgeway Cap Mgmt has 168,050 shares for 0.06% of their US portfolio. Geode Management Ltd Llc holds 438,146 shares or 0.01% of its portfolio. The Minnesota-based Walleye Trading Ltd Liability has invested 0% in MasTec, Inc. (NYSE:MTZ). Americafirst Cap Mgmt Ltd Liability Co accumulated 0% or 12,654 shares.

MasTec, Inc. is an infrastructure construction company. The company has a market cap of $2.24 billion. The Firm operates primarily across North America through a range of industries. It currently has negative earnings. The Company’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.

MTZ Company Profile

MasTec, Inc., incorporated on April 8, 1998, is an infrastructure construction company. The Firm operates primarily across North America through a range of industries. The Company’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure. The Firm manages its activities under five operating divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The Firm offers its services primarily under the MasTec service mark and has activities across approximately 470 locations. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, including wireless services; natural gas, natural gas liquids and petroleum pipeline, and electrical transmission.

More notable recent MasTec, Inc. (NYSE:MTZ) news were published by: Prnewswire.com which released: “MasTec Schedules Third Quarter 2016 Earnings Release and Conference Call” on October 24, 2016, also Fool.com with their article: “MasTec, Inc. Stock up 13% on Earnings Results, Strong Backlog” published on February 26, 2016, Fool.com published: “Why MasTec, Inc. Shares Plunged Today” on February 08, 2016. More interesting news about MasTec, Inc. (NYSE:MTZ) were released by: Prnewswire.com and their article: “MasTec Announces the Appointment of C. Robert Campbell to its Board of Directors” published on September 29, 2016 as well as Fool.com‘s news article titled: “Oil and Gas Fuel MasTec, Inc.’s Strong Q2 Earnings” with publication date: August 05, 2016.

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