Wall Street Zen Upgrades MasTec (NYSE:MTZ) to Strong-Buy

MasTec (NYSE:MTZ - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Several other research firms have also commented on MTZ. KeyCorp lifted their price target on MasTec from $140.00 to $163.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Guggenheim restated a "buy" rating and issued a $195.00 price target on shares of MasTec in a research note on Monday, May 5th. Citigroup lifted their price objective on shares of MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. B. Riley restated a "buy" rating and issued a $165.00 price objective (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Finally, Barclays boosted their price target on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.06.

MasTec Trading Up 2.0%

Shares of MasTec stock traded up $3.08 on Friday, hitting $155.53. 967,948 shares of the company traded hands, compared to its average volume of 942,055. The stock's 50 day moving average price is $130.19 and its 200-day moving average price is $135.30. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The company has a market cap of $12.27 billion, a PE ratio of 138.86 and a beta of 1.71. MasTec has a 52 week low of $89.96 and a 52 week high of $166.95.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm posted ($0.13) earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that MasTec will post 3.44 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the sale, the director now owns 23,000 shares of the company's stock, valued at approximately $3,027,490. The trade was a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the completion of the sale, the director now owns 39,782 shares of the company's stock, valued at $6,122,051.98. This trade represents a 7.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MasTec

A number of institutional investors have recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. acquired a new position in shares of MasTec during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Colonial Trust Co SC grew its position in MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares during the period. Rothschild Investment LLC boosted its position in MasTec by 2,023.1% during the first quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock worth $32,000 after purchasing an additional 263 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new position in MasTec during the first quarter worth about $35,000. 78.10% of the stock is owned by institutional investors.

About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.