ValuEngine lowered shares of MasTec, Inc. (NYSE:MTZ) from a buy rating to a hold rating in a report released on Tuesday morning.

Other analysts also recently issued reports about the company. Stifel Nicolaus reiterated a buy rating and issued a $55.50 price target on shares of MasTec in a report on Saturday, August 19th. Citigroup Inc. upgraded MasTec from a neutral rating to a buy rating and set a $49.00 price target for the company in a report on Friday, August 18th. Canaccord Genuity reiterated a buy rating and issued a $55.00 price target on shares of MasTec in a report on Tuesday, August 15th. BidaskClub downgraded MasTec from a strong-buy rating to a buy rating in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded MasTec from a hold rating to a buy rating and set a $50.00 price target for the company in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $55.14.

MasTec (NYSE MTZ) traded up $0.32 during mid-day trading on Tuesday, hitting $40.25. The stock had a trading volume of 1,521,200 shares, compared to its average volume of 885,798. The firm has a market cap of $3,360.00, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. The company has a current ratio of 1.74, a quick ratio of 1.66 and a debt-to-equity ratio of 0.92. MasTec has a 1-year low of $34.20 and a 1-year high of $49.50.

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

TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/11/17/mastec-inc-mtz-downgraded-by-valuengine.html.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MasTec by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock valued at $100,000 after acquiring an additional 229 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of MasTec during the second quarter valued at about $102,000. Global X Management Co. LLC grew its stake in shares of MasTec by 220.7% during the second quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock valued at $118,000 after acquiring an additional 1,799 shares in the last quarter. Creative Planning grew its stake in shares of MasTec by 16.4% during the second quarter. Creative Planning now owns 2,685 shares of the construction company’s stock valued at $121,000 after acquiring an additional 379 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of MasTec by 13.1% during the second quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock worth $167,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 71.05% 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. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MasTec (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.