MasTec (NYSE:MTZ) price target raised to $35 as announced today by FBR Capital

August 14, 2016

Finance News

Showing a price of $29.38, MasTec (NYSE:MTZ) traded 0.67% lower on the day. The last stock price is up 41.10% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen 0.00% over the same time period. MTZ has recorded a 50-day average of $24.78 and 200-day average of $21.08. Trade volume was was down over the average, with 454,423 shares of MTZ changing hands under the typical 786,338 shares.

Indicating a possible upside of 0.19%, FBR Capital upped the price target of MasTec (NYSE:MTZ) to $35

Previously on Monday May 9 2016, FBR Capital released a statement about MasTec(NYSE:MTZ) recommending “Outperform” with a target price of $25. At the time, this suggested an upside of 0.12%.

See Graphic Below:

MasTec (NYSE:MTZ)

A total of 13 brokers have issued a research note on the company. Six firms rate the company a strong buy, four analysts rate the stock a buy, four firms rate the stock a hold, zero rate the stock to underperform, and finally zero brokeragesrate the company as sell with a consensus target stock price of $25.15

With a total market value of $2.4B, MasTec has a PE of 0 with a one-year low of $12.44 and a 52 week high of $30.40.

Brief Synopsis On MasTec (NYSE:MTZ)

MasTec, Inc. is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure. It manages its operations under five operating segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. It offers its services primarily under the MasTec service mark and has operations across approximately 470 locations. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, and including wireless services and electrical transmission.

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