Were Analysts Bullish MasTec, Inc. (NYSE:MTZ) This Week?

June 21, 2018 - By Henry Gaston

MasTec, Inc. (NYSE:MTZ) LogoInvestors sentiment decreased to 0.84 in 2018 Q1. Its down 0.65, from 1.49 in 2017Q4. It turned negative, as 29 investors sold MasTec, Inc. shares while 117 reduced holdings. 41 funds opened positions while 82 raised stakes. 61.77 million shares or 2.20% less from 63.16 million shares in 2017Q4 were reported.
Walleye Trading Limited Com holds 0% or 5,329 shares in its portfolio. Hbk Sorce Advisory Ltd reported 10,265 shares or 0.06% of all its holdings. 452 were accumulated by Prelude Limited Co. Royal State Bank Of Canada invested 0% of its portfolio in MasTec, Inc. (NYSE:MTZ). Gam Ag stated it has 4,264 shares. Kirr Marbach And Ltd Liability In, Indiana-based fund reported 343,603 shares. New Jersey Better Educational Savings Tru accumulated 0.52% or 10,000 shares. Hennessy Advisors holds 0.12% in MasTec, Inc. (NYSE:MTZ) or 78,300 shares. Principal Grp Inc holds 0.03% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 575,554 shares. Alyeska Investment Gru L P stated it has 724,943 shares. Dnb Asset As accumulated 0% or 995,500 shares. Legal And General Public Limited Co owns 46,870 shares for 0% of their portfolio. Renaissance Technology Limited Liability Corp owns 233,800 shares for 0.01% of their portfolio. 180,000 were reported by Carmignac Gestion. Credit Agricole S A holds 51,000 shares or 0.16% of its portfolio.

Since February 1, 2018, it had 0 buys, and 4 insider sales for $4.40 million activity. 15,000 shares valued at $743,190 were sold by de Cardenas Alberto on Thursday, March 1. Apple Robert E had sold 25,000 shares worth $1.38M on Thursday, February 1.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Among 11 analysts covering MasTec (NYSE:MTZ), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. MasTec had 16 analyst reports since January 2, 2018 according to SRatingsIntel. Canaccord Genuity maintained MasTec, Inc. (NYSE:MTZ) rating on Friday, March 23. Canaccord Genuity has “Buy” rating and $6500 target. The rating was maintained by Craig Hallum with “Buy” on Thursday, March 1. Stephens maintained it with “Buy” rating and $65.0 target in Wednesday, February 28 report. The stock has “Outperform” rating by Credit Suisse on Thursday, March 1. As per Wednesday, February 28, the company rating was maintained by FBR Capital. The stock of MasTec, Inc. (NYSE:MTZ) earned “Buy” rating by Craig Hallum on Tuesday, January 2. On Friday, January 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, May 2. As per Wednesday, January 3, the company rating was maintained by Robert W. Baird. Deutsche Bank upgraded it to “Buy” rating and $48.0 target in Thursday, March 22 report. 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 decreased 0.28% or $0.15 during the last trading session, reaching $54.35. About 327,331 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 18.02% since June 21, 2017 and is uptrending. It has outperformed by 5.45% 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 $4.28 billion. It operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. It has a 13.45 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.

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

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