MasTec (MTZ) Receiving Somewhat Positive News Coverage, Study Shows
Media coverage about MasTec (NYSE:MTZ) has trended somewhat positive this week, according to Alpha One. The research group, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MasTec earned a news impact score of 0.18 on Alpha One’s scale. Alpha One also assigned news stories about the construction company an impact score of 69 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Alpha One’s analysis:
- MasTec, Inc. :MTZ-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
- ETFs with exposure to MasTec, Inc. : June 15, 2017 (finance.yahoo.com)
- Noteworthy Wednesday Option Activity: NFLX, SHLD, MTZ (nasdaq.com)
- MasTec, Inc. (MTZ) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Jose S. Sorzano Sells 2,391 Shares of MasTec, Inc. (MTZ) Stock (americanbankingnews.com)
MTZ has been the subject of several research reports. Zacks Investment Research downgraded shares of MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. DA Davidson raised shares of MasTec from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $50.00 in a research note on Thursday, April 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $45.00 price target (up previously from $40.00) on shares of MasTec in a research note on Saturday, April 22nd. Credit Suisse Group initiated coverage on shares of MasTec in a research report on Monday, April 3rd. They set a “neutral” rating and a $42.00 price objective for the company. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of MasTec in a research report on Friday, May 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $42.40.
Shares of MasTec (NYSE:MTZ) traded up 0.38% during mid-day trading on Friday, reaching $44.65. 699,950 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $43.62 and its 200-day moving average price is $40.16. MasTec has a 12-month low of $20.86 and a 12-month high of $47.90. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 20.95 and a beta of 1.36.
MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, May 4th. The construction company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.08. MasTec had a return on equity of 18.02% and a net margin of 3.29%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. Equities research analysts forecast that MasTec will post $2.46 earnings per share for the current year.
In related news, Director Jose S. Sorzano sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $45.56, for a total value of $108,933.96. Following the sale, the director now owns 37,545 shares in the company, valued at $1,710,550.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Apple sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $45.06, for a total value of $1,126,500.00. Following the completion of the sale, the chief operating officer now owns 227,816 shares in the company, valued at approximately $10,265,388.96. The disclosure for this sale can be found here. 20.30% of the stock is owned by corporate insiders.
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MasTec Company Profile
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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