The stock of MasTec, Inc. (NYSE:MTZ) is a huge mover today! About 1.19 million shares traded hands or 116.18% up from the average. MasTec, Inc. (NYSE:MTZ) has risen 55.23% since April 8, 2016 and is uptrending. It has outperformed by 49.58% the S&P500.
The move comes after 6 months positive chart setup for the $3.04 billion company. It was reported on Nov, 10 by Barchart.com. We have $42.27 PT which if reached, will make NYSE:MTZ worth $790.40 million more.
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. MasTec has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stephens given on Monday, September 21. The stock has “Neutral” rating given by Citigroup on Friday, November 13. The stock of MasTec, Inc. (NYSE:MTZ) earned “Outperform” rating by FBR Capital on Monday, August 3. Robert W. Baird initiated the stock with “Outperform” rating in Tuesday, August 25 report. FBR Capital maintained the stock with “Outperform” rating in Tuesday, September 1 report. As per Thursday, November 12, the company rating was initiated by Craig Hallum. The stock has “Hold” rating given by Zacks on Tuesday, August 4. The company was reinitiated on Tuesday, January 5 by Stifel Nicolaus.
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 worsened, 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 Ontario – Canada-based 1832 Asset Mgmt Limited Partnership has invested 0.03% in MasTec, Inc. (NYSE:MTZ). Moreover, Bridgeway Inc has 0.06% invested in MasTec, Inc. (NYSE:MTZ) for 168,050 shares. Penbrook Mngmt Limited Com has invested 0.66% of its portfolio in MasTec, Inc. (NYSE:MTZ). Moreover, Robecosam Ag has 0.01% invested in MasTec, Inc. (NYSE:MTZ) for 5,500 shares. Delta Asset Mngmt Ltd Tn last reported 0% of its portfolio in the stock. Moreover, Emerald Advisers Incorporated Pa has 0.04% invested in MasTec, Inc. (NYSE:MTZ) for 34,997 shares. Blackrock Institutional Tru Company Na accumulated 0.01% or 1.59 million shares. Americafirst Capital Mngmt Limited Liability Company holds 12,654 shares or 0% of its portfolio. First Mercantile Co holds 0.07% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 24,085 shares. The United Kingdom-based Oxford Asset Mngmt has invested 0.62% in MasTec, Inc. (NYSE:MTZ). California State Teachers Retirement Systems, a California-based fund reported 138,878 shares. Irving Magee Investment Mgmt owns 293,735 shares or 3.2% of their US portfolio. The New York-based D E Shaw And has invested 0% in MasTec, Inc. (NYSE:MTZ). Martingale Asset Management Ltd Partnership has invested 0.02% of its portfolio in MasTec, Inc. (NYSE:MTZ). Geode Capital Management Llc owns 438,146 shares or 0.01% of their US portfolio.
More important recent MasTec, Inc. (NYSE:MTZ) news were published by: Fool.com which released: “MasTec, Inc. Stock Up 10% Today: Here’s Why” on November 10, 2016, also Prnewswire.com published article titled: “MasTec Announces Third Quarter 2016 Results Above Expectations and Increases …”, Prnewswire.com published: “MasTec Schedules Third Quarter 2016 Earnings Release and Conference Call” on October 24, 2016. More interesting news about MasTec, Inc. (NYSE:MTZ) was released by: Fool.com and their article: “Oil and Gas Fuel MasTec, Inc.’s Strong Q2 Earnings” with publication date: August 05, 2016.
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.
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