MasTec, Inc. (NYSE:MTZ) Receives Consensus Recommendation of "Buy" from Analysts – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
MasTec, Inc. (NYSE:MTZ – Get Rating) has received a consensus rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $118.00.
A number of research analysts have weighed in on the company. Credit Suisse Group reduced their target price on MasTec from $130.00 to $114.00 and set an “outperform” rating for the company in a report on Monday, February 28th. Cowen reduced their target price on MasTec from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, February 28th. B. Riley reduced their target price on MasTec from $122.00 to $120.00 and set a “buy” rating for the company in a report on Monday, February 28th. Zacks Investment Research lowered MasTec from a “hold” rating to a “sell” rating and set a $99.00 target price for the company. in a report on Tuesday, January 4th. Finally, Craig Hallum cut their price objective on MasTec from $139.00 to $108.00 in a report on Monday, February 28th.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in MasTec by 5.1% in the 4th quarter. BlackRock Inc. now owns 5,481,959 shares of the construction company’s stock worth $505,876,000 after buying an additional 265,159 shares during the last quarter. Byrne Asset Management LLC bought a new stake in MasTec in the fourth quarter valued at approximately $125,000. Vident Investment Advisory LLC lifted its position in MasTec by 4.4% in the fourth quarter. Vident Investment Advisory LLC now owns 21,727 shares of the construction company’s stock valued at $2,005,000 after purchasing an additional 921 shares during the last quarter. Forum Financial Management LP bought a new stake in MasTec in the fourth quarter valued at approximately $200,000. Finally, Comerica Bank lifted its position in MasTec by 1.7% in the fourth quarter. Comerica Bank now owns 26,735 shares of the construction company’s stock valued at $2,341,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 74.20% of the company’s stock. (adsbygoogle = window.adsbygoogle || []).push({});
MTZ opened at $74.90 on Friday. The company has a 50-day simple moving average of $89.13 and a 200 day simple moving average of $90.35. MasTec has a twelve month low of $73.36 and a twelve month high of $122.33. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 16.83 and a beta of 1.21. The company has a quick ratio of 1.46, a current ratio of 1.61 and a debt-to-equity ratio of 0.74.
MasTec Company Profile (Get Rating)
MasTec, Inc engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Electrical Transmissions, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers.
Recommended Stories

Analyst Recommendations for MasTec (NYSE:MTZ)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider MasTec, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MasTec wasn’t on the list.
While MasTec currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
 
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Each market day you’ll get a one-minute market summary to help you invest wisely.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice
MarketBeat is accredited by the Better Business Bureau
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.

source

Share:

Pulse Handshak

Pulse Handshak

Collaborative online survey tool for the market research industry. Remote assisted surveying just like face-to-face interviews. Here interviewers can talk to the respondent over the web-console without the need for any other communication channel and share the same Q're with responses and click actions.

Pulse FE

Pulse FE

Pulse Field Expert or Pulse FE is the main platform for both offline and online survey at softofficepro.com. It is robust and used by hundreds of clients over tens of years with millions of responses. Do it once Q're and deploy on both offline devices (android) and online forms makes it a great cost effective platform for any kind of responses

Pulse Ultimate

Pulse Ultimate

Pulse Ultimate is targeted for tracking studies and retail audits. An offline survey system offering extreme field control including processes like data quality check, back-check, rework, comparison with previous wave data etc. helps to get the best results on a day-to-day basis

More Posts