MasTec (MTZ) Getting Somewhat Positive Press Coverage, Accern Reports
Media headlines about MasTec (NYSE:MTZ) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MasTec earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.8819152365561 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
MTZ has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Monday. Deutsche Bank AG upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, September 12th. Vetr downgraded shares of MasTec from a “buy” rating to a “hold” rating and set a $47.14 price objective for the company. in a report on Monday, June 12th. ValuEngine downgraded shares of MasTec from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, FBR & Co increased their price objective on shares of MasTec from $57.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. MasTec currently has a consensus rating of “Buy” and an average price target of $53.36.
Shares of MasTec (NYSE MTZ) opened at 45.25 on Tuesday. The stock’s 50 day moving average is $43.21 and its 200-day moving average is $43.33. MasTec has a one year low of $27.10 and a one year high of $49.50. The firm has a market cap of $3.66 billion, a P/E ratio of 15.96 and a beta of 1.44.
MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.34. MasTec had a net margin of 3.89% and a return on equity of 21.80%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. Analysts anticipate that MasTec will post $2.74 EPS for the current fiscal year.
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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