MasTec - MTZ Stock Forecast, Price & News

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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

Wall Street Analysts Forecast Growth

MTZ has been the topic of a number of recent analyst reports. TheStreet lowered MasTec from a "b-" rating to a "c" rating in a report on Monday, May 16th. Credit Suisse Group boosted their target price on MasTec from $102.00 to $105.00 and gave the stock an "outperform" rating in a report on Monday, August 8th. B. Riley decreased their target price on MasTec from $120.00 to $104.00 in a report on Friday, May 6th. Robert W. Baird upped their price objective on MasTec from $83.00 to $106.00 in a report on Monday, August 8th. Finally, StockNews.com downgraded MasTec from a "hold" rating to a "sell" rating in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, MasTec presently has a consensus rating of "Moderate Buy" and an average price target of $110.18.

MasTec Trading Down 1.3 %

NYSE:MTZ traded down $1.09 during trading hours on Friday, hitting $81.90. 2 shares of the company's stock were exchanged, compared to its average volume of 817,731. The stock has a 50-day simple moving average of $75.22 and a 200 day simple moving average of $79.80. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 36.56 and a beta of 1.28. The company has a current ratio of 1.61, a quick ratio of 1.55 and a debt-to-equity ratio of 0.85. MasTec has a 1-year low of $62.64 and a 1-year high of $104.21.

MasTec (NYSE:MTZ - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.24 billion. MasTec had a return on equity of 10.82% and a net margin of 1.99%. The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, equities analysts forecast that MasTec will post 2.78 EPS for the current fiscal year.