ValuEngine Upgrades MasTec (MTZ) to Hold

MasTec (NYSE:MTZ) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other brokerages have also recently issued reports on MTZ. Barclays reiterated a “buy” rating and set a $57.00 price target on shares of MasTec in a research report on Wednesday. B. Riley lowered their price target on MasTec from $71.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Robert W. Baird lifted their price target on MasTec from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Zacks Investment Research cut MasTec from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, DA Davidson lowered their price target on MasTec to $57.00 and set a “buy” rating on the stock in a research report on Monday, February 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $57.44.

MasTec stock traded up $0.44 during mid-day trading on Friday, hitting $47.65. 1,284,304 shares of the company’s stock traded hands, compared to its average volume of 956,218. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.60. The company has a market capitalization of $3.62 billion, a P/E ratio of 13.09, a PEG ratio of 1.41 and a beta of 1.42. MasTec has a one year low of $37.24 and a one year high of $54.70.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund acquired a new position in shares of MasTec in the 4th quarter worth $26,000. Flagship Harbor Advisors LLC grew its holdings in shares of MasTec by 378.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 948 shares of the construction company’s stock worth $38,000 after acquiring an additional 750 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of MasTec by 138.9% in the 4th quarter. IFP Advisors Inc now owns 989 shares of the construction company’s stock worth $40,000 after acquiring an additional 575 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of MasTec in the 4th quarter worth $53,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of MasTec in the 4th quarter worth $101,000. Institutional investors and hedge funds own 84.20% of the company’s stock.

MasTec Company Profile

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

Further Reading: Benefits of owning preferred stock

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MasTec (NYSE:MTZ)

Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.