MasTec, Inc. (NYSE:MTZ) has been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $55.60.

A number of brokerages recently commented on MTZ. B. Riley restated a “buy” rating and set a $67.00 target price (up previously from $66.00) on shares of MasTec in a report on Tuesday, November 7th. ValuEngine upgraded MasTec from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Citigroup Inc. upgraded MasTec from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a report on Friday, August 18th. Credit Suisse Group upgraded MasTec from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $55.00 in a report on Monday, July 24th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $55.00 price objective on shares of MasTec in a report on Tuesday, August 15th.

MasTec (MTZ) traded down $1.30 during trading hours on Friday, hitting $41.15. The stock had a trading volume of 828,100 shares, compared to its average volume of 880,183. The stock has a market capitalization of $3,370.00, a price-to-earnings ratio of 14.10, a PEG ratio of 1.14 and a beta of 1.54. MasTec has a 52-week low of $34.20 and a 52-week high of $49.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.66 billion. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. equities research analysts forecast that MasTec will post 2.65 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MasTec by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock worth $100,000 after acquiring an additional 229 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of MasTec in the second quarter worth $102,000. Global X Management Co. LLC grew its stake in shares of MasTec by 220.7% in the second quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock worth $118,000 after acquiring an additional 1,799 shares during the last quarter. Creative Planning grew its stake in shares of MasTec by 16.4% in the second quarter. Creative Planning now owns 2,685 shares of the construction company’s stock worth $121,000 after acquiring an additional 379 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of MasTec by 13.1% in the second quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock worth $167,000 after acquiring an additional 430 shares during the last quarter. 71.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for MasTec (NYSE:MTZ)

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