MasTec, Inc. (NYSE:MTZ) Given Consensus Rating of "Moderate Buy" by Brokerages

MasTec, Inc. (NYSE:MTZ - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.46.

MTZ has been the topic of several recent analyst reports. Robert W. Baird increased their target price on MasTec from $70.00 to $89.00 and gave the stock a "neutral" rating in a research report on Monday, March 4th. KeyCorp lifted their target price on MasTec from $92.00 to $97.00 and gave the company an "overweight" rating in a report on Monday, March 4th. Citigroup lifted their price objective on MasTec from $74.00 to $99.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Craig Hallum raised shares of MasTec from a "hold" rating to a "buy" rating and increased their target price for the stock from $50.00 to $96.00 in a research report on Monday, March 4th. Finally, DA Davidson reaffirmed a "buy" rating and set a $70.00 price target on shares of MasTec in a research report on Monday, March 4th.

Institutional Investors Weigh In On MasTec

Hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in MasTec during the 4th quarter valued at $37,000. Covestor Ltd boosted its holdings in MasTec by 40.1% in the first quarter. Covestor Ltd now owns 507 shares of the construction company's stock worth $44,000 after purchasing an additional 145 shares during the period. CWM LLC increased its stake in MasTec by 152.4% during the third quarter. CWM LLC now owns 525 shares of the construction company's stock valued at $38,000 after purchasing an additional 317 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of MasTec by 75.3% during the third quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company's stock worth $39,000 after purchasing an additional 232 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of MasTec in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Trading Up 1.2 %

Shares of NYSE MTZ traded up $1.01 during midday trading on Friday, reaching $84.45. 676,219 shares of the stock were exchanged, compared to its average volume of 924,733. The stock has a 50 day moving average price of $84.46 and a 200-day moving average price of $71.50. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $6.71 billion, a P/E ratio of -127.95 and a beta of 1.62. MasTec has a 52-week low of $44.65 and a 52-week high of $123.33.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.26 billion. Equities research analysts expect that MasTec will post 2.33 earnings per share for the current fiscal year.

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.