MasTec Inc. (NYSE:MTZ) had its price target boosted by stock analysts at KeyCorp from $36.00 to $42.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 10.67% from the company’s previous close.

Several other equities research analysts have also commented on MTZ. Canaccord Genuity set a $33.00 price objective on MasTec and gave the stock a “buy” rating in a research note on Saturday, August 6th. Wunderlich upped their price objective on MasTec from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. FBR & Co upped their price objective on MasTec from $25.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Citigroup Inc. upped their price objective on MasTec from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Maxim Group upped their price objective on MasTec from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.18.

Analyst Recommendations for MasTec (NYSE:MTZ)

Shares of MasTec (NYSE:MTZ) opened at 37.95 on Tuesday. MasTec has a 52 week low of $12.44 and a 52 week high of $38.50. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 3450.00 and a beta of 1.22. The firm’s 50-day moving average price is $31.60 and its 200 day moving average price is $27.45.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm earned $1.59 billion during the quarter, compared to analyst estimates of $1.50 billion. MasTec had a return on equity of 10.76% and a net margin of 0.02%. MasTec’s revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. On average, equities research analysts forecast that MasTec will post $1.74 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2016/12/01/keycorp-increases-mastec-inc-mtz-price-target-to-42-00.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. raised its position in shares of MasTec by 0.5% in the third quarter. 1st Global Advisors Inc. now owns 9,719 shares of the company’s stock worth $289,000 after buying an additional 46 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of MasTec by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 15,885 shares of the company’s stock worth $472,000 after buying an additional 310 shares during the last quarter. BlackRock Inc. increased its position in shares of MasTec by 5.6% in the second quarter. BlackRock Inc. now owns 7,944 shares of the company’s stock worth $177,000 after buying an additional 424 shares during the last quarter. Prudential Financial Inc. increased its position in shares of MasTec by 1.8% in the third quarter. Prudential Financial Inc. now owns 26,577 shares of the company’s stock worth $790,000 after buying an additional 460 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of MasTec by 2.6% in the third quarter. Aperio Group LLC now owns 18,588 shares of the company’s stock worth $553,000 after buying an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 69.74% of the company’s stock.

About MasTec

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its 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.

5 Day Chart for NYSE:MTZ

Receive News & Stock Ratings for MasTec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec Inc. and related stocks with our FREE daily email newsletter.