MasTec, Inc. (NYSE:MTZ) has analysts on the Bullish side this week.

May 16, 2018 - By Peter Erickson

MasTec, Inc. (NYSE:MTZ) LogoInvestors sentiment increased to 1.49 in 2017 Q4. Its up 0.10, from 1.39 in 2017Q3. It is positive, as 29 investors sold MasTec, Inc. shares while 79 reduced holdings. 67 funds opened positions while 94 raised stakes. 63.16 million shares or 8.33% more from 58.30 million shares in 2017Q3 were reported.
Blackrock, a New York-based fund reported 4.82 million shares. Australia-based Macquarie Grp has invested 0.26% in MasTec, Inc. (NYSE:MTZ). First Mercantile Trust Company accumulated 9,572 shares or 0.09% of the stock. 67,987 are owned by Credit Suisse Ag. Quantbot Tech Limited Partnership holds 0.11% in MasTec, Inc. (NYSE:MTZ) or 23,314 shares. Torch Wealth Ltd Liability Company invested in 4,680 shares. New Jersey Better Educational Savings Tru owns 0.25% invested in MasTec, Inc. (NYSE:MTZ) for 5,000 shares. Principal Financial Gp Inc invested 0.03% in MasTec, Inc. (NYSE:MTZ). Bnp Paribas Arbitrage Sa reported 0% of its portfolio in MasTec, Inc. (NYSE:MTZ). Dupont Cap Management Corporation reported 0.21% of its portfolio in MasTec, Inc. (NYSE:MTZ). Brinker Cap owns 8,663 shares or 0.02% of their US portfolio. Fiera Capital owns 167,894 shares. Suffolk Management Ltd Liability owns 0.09% invested in MasTec, Inc. (NYSE:MTZ) for 14,116 shares. Corbyn Investment Management Md holds 245,837 shares or 4.04% of its portfolio. Moreover, J Goldman & L P has 0.06% invested in MasTec, Inc. (NYSE:MTZ) for 21,993 shares.

Since February 1, 2018, it had 0 insider purchases, and 4 sales for $4.40 million activity. 15,000 shares were sold by de Cardenas Alberto, worth $743,190. Apple Robert E sold $1.38M worth of MasTec, Inc. (NYSE:MTZ) on Thursday, February 1.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Among 13 analysts covering MasTec (NYSE:MTZ), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. MasTec had 20 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by FBR Capital on Wednesday, February 28 with “Buy”. The stock of MasTec, Inc. (NYSE:MTZ) earned “Buy” rating by Deutsche Bank on Thursday, March 22. Barclays Capital initiated the stock with “Buy” rating in Tuesday, December 12 report. The firm earned “Outperform” rating on Thursday, March 1 by Credit Suisse. Robert W. Baird downgraded the shares of MTZ in report on Thursday, March 1 to “Neutral” rating. B. Riley & Co maintained MasTec, Inc. (NYSE:MTZ) on Thursday, March 1 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, December 20. Stifel Nicolaus maintained MasTec, Inc. (NYSE:MTZ) on Friday, January 26 with “Buy” rating. The stock has “Buy” rating by Craig Hallum on Tuesday, January 2. Canaccord Genuity maintained MasTec, Inc. (NYSE:MTZ) rating on Friday, March 23. Canaccord Genuity has “Buy” rating and $6500 target. Below is a list of MasTec, Inc. (NYSE:MTZ) latest ratings and price target changes.

02/05/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $70 New Target: $64 Maintain
01/05/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $55 New Target: $51 Maintain
23/03/2018 Broker: Canaccord Genuity Rating: Buy New Target: $65.0000 Maintain
22/03/2018 Broker: Deutsche Bank Rating: Buy New Target: $48.0 Upgrade
28/02/2018 Broker: Stephens Rating: Buy New Target: $65.0 Maintain
01/03/2018 Broker: Craig Hallum Rating: Buy New Target: $69.0 Maintain
01/03/2018 Broker: DA Davidson Rating: Buy New Target: $65.0
01/03/2018 Broker: B. Riley & Co Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $71 Maintain
01/03/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral Downgrade
01/03/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $69 New Target: $70 Maintain

The stock increased 4.66% or $2.275 during the last trading session, reaching $51.125. About 594,692 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 20.29% since May 16, 2017 and is uptrending. It has outperformed by 8.74% the S&P500.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. The company has market cap of $4.03 billion. It operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. It has a 12.11 P/E ratio. The firm manufactures underground and overhead distribution systems, including trenches, conduits, cable, and power lines, which provide wireless and wireline/fiber communications; crude oil, natural gas, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; and compressor and pump stations, and treatment plants.

More recent MasTec, Inc. (NYSE:MTZ) news were published by: which released: “MasTec: Shining Under The Radar” on April 23, 2018. Also published the news titled: “MasTec Has Promising Long-Term Business Prospects” on May 07, 2018.‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Advance Auto Parts, Old Republic International, MasTec …” with publication date: May 10, 2018 was also an interesting one.

MasTec, Inc. (NYSE:MTZ) Institutional Positions Chart

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