Somewhat Positive News Coverage Somewhat Unlikely to Affect MasTec (MTZ) Stock Price
Media stories about MasTec (NYSE:MTZ) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MasTec earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.4486616502697 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Stocks Showing Improving Market Leadership: Mastec Earns 81 RS Rating (finance.yahoo.com)
- ModusLink Global Solutions, Inc. (MLNK) Reaches $2.42 After 6.00% Down Move; Mastec (MTZ) Sellers Decreased By … – Hill Country Times (hillcountrytimes.com)
- Mastec Clears Key Benchmark, Hitting 80-Plus RS Rating (finance.yahoo.com)
- MasTec (MTZ) Stock Rating Reaffirmed by Robert W. Baird (americanbankingnews.com)
MasTec (NYSE MTZ) traded down $0.50 on Tuesday, hitting $49.95. 615,002 shares of the stock traded hands, compared to its average volume of 686,150. The stock has a market capitalization of $4,130.00, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.25 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.66. MasTec has a 52-week low of $34.35 and a 52-week high of $51.20.
A number of research firms recently issued reports on MTZ. B. Riley restated a “buy” rating and set a $67.00 price objective (up previously from $66.00) on shares of MasTec in a report on Tuesday, November 7th. Citigroup set a $54.00 price objective on shares of MasTec and gave the stock a “buy” rating in a report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of MasTec in a report on Tuesday, September 19th. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, January 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $55.50 price objective on shares of MasTec in a report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. MasTec presently has an average rating of “Buy” and a consensus price target of $56.33.
In other news, COO Robert E. Apple sold 25,000 shares of MasTec stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $50.16, for a total value of $1,254,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.30% of the stock is owned by company 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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