The stock of MasTec, Inc. (NYSE:MTZ) is a huge mover today! About 339,783 shares traded hands. MasTec, Inc. (NYSE:MTZ) has risen 64.57% since April 28, 2016 and is uptrending. It has outperformed by 58.65% the S&P500.
The move comes after 5 months positive chart setup for the $3.30 billion company. It was reported on Dec, 1 by Barchart.com. We have $39.71 PT which if reached, will make NYSE:MTZ worth $99.00M more.
Analysts await MasTec, Inc. (NYSE:MTZ) to report earnings on February, 23. They expect $0.50 EPS, up 177.78% or $0.32 from last year’s $0.18 per share. MTZ’s profit will be $42.80M for 19.28 P/E if the $0.50 EPS becomes a reality. After $0.78 actual EPS reported by MasTec, Inc. for the previous quarter, Wall Street now forecasts -35.90% negative EPS growth.
MasTec, Inc. (NYSE:MTZ) Ratings Coverage
Out of 9 analysts covering MasTec (NYSE:MTZ), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. MasTec has been the topic of 14 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Stifel Nicolaus reinitiated it with “Buy” rating and $21.0 target price in Tuesday, January 5 report. Stifel Nicolaus maintained it with “Buy” rating and $40 target price in Monday, November 14 report. The firm earned “Neutral” rating on Wednesday, November 16 by DA Davidson. Craig Hallum initiated the stock with “Buy” rating in Thursday, November 12 report. FBR Capital maintained MasTec, Inc. (NYSE:MTZ) rating on Monday, August 3. FBR Capital has “Outperform” rating and $28 price target. Robert W. Baird initiated it with “Outperform” rating and $16 target price in Tuesday, August 25 report. Citigroup initiated the shares of MTZ in a report on Friday, November 13 with “Neutral” rating. The stock of MasTec, Inc. (NYSE:MTZ) earned “Hold” rating by Zacks on Tuesday, August 4. On Friday, November 18 the stock rating was downgraded by Avondale to “Market Perform”. Stephens maintained the shares of MTZ in a report on Monday, September 21 with “Buy” rating.
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 increased to 1.1 in 2016 Q2. Its up 0.14, from 0.96 in 2016Q1. The ratio increased, 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.
Amer Century Cos has invested 0.01% of its portfolio in MasTec, Inc. (NYSE:MTZ). Prudential Inc holds 0% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 26,117 shares. Stifel Financial last reported 0% of its portfolio in the stock. Nomura Asset Ltd accumulated 0% or 3,440 shares. Coe Cap Management Lc holds 0% or 258,962 shares in its portfolio. Kessler Invest Limited Liability owns 17,108 shares or 0.55% of their US portfolio. Moreover, Castleark Management Llc has 0.36% invested in MasTec, Inc. (NYSE:MTZ) for 506,720 shares. Highbridge Capital Management Lc holds 0.03% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 82,187 shares. Westfield Cap Management Commerce L P accumulated 0.09% or 493,751 shares. Thomas J Herzfeld Advsrs holds 1.6% or 134,927 shares in its portfolio. Nuveen Asset Management Ltd Liability Corp, a Illinois-based fund reported 119,475 shares. Employees Retirement Association Of Colorado has invested 0% of its portfolio in MasTec, Inc. (NYSE:MTZ). Friess Limited holds 0.83% or 365,500 shares in its portfolio. Moreover, Jpmorgan Chase & has 0% invested in MasTec, Inc. (NYSE:MTZ) for 607,636 shares. Falcon Point Ltd Liability Com accumulated 1.95% or 507,063 shares.
Insider Transactions: Since November 14, 2016, the stock had 0 buys, and 1 insider sale for $352,760 net activity. $352,760 worth of MasTec, Inc. (NYSE:MTZ) was sold by Dwyer Robert J.
More news for MasTec, Inc. (NYSE:MTZ) were recently published by: Fool.com, which released: “MasTec, Inc. Stock Up 10% Today: Here’s Why” on November 10, 2016. Prnewswire.com‘s article titled: “MasTec Announces Third Quarter 2016 Results Above Expectations and Increases …” and published on November 03, 2016 is yet another important article.
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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