The MasTec, Inc. (MTZ) Upgraded at Vetr Inc.

The MasTec, Inc. (MTZ) Upgraded at Vetr Inc.

A number of other brokerages have also recently commented on MTZ. Zacks Investment Research cut shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. FBR & Co increased their price objective on shares of MasTec from $37.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 26th. TheStreet raised shares of MasTec from a “c+” rating to a “b-” rating in a research report on Friday, February 24th. Canaccord Genuity reissued a “buy” rating and set a $48.00 price objective on shares of MasTec in a research report on Friday, February 24th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of MasTec in a research report on Saturday, April 22nd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. MasTec currently has a consensus rating of “Buy” and a consensus target price of $42.26.

MasTec, Inc. (NYSE:MTZ) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday, May 15th. The firm currently has a $45.42 price target on the construction company’s stock. Vetr‘s target price would suggest a potential upside of 3.23% from the stock’s current price.

MasTec (MTZ) opened at 44.00 on Monday. MasTec has a 12-month low of $20.86 and a 12-month high of $47.90. The firm’s 50-day moving average price is $43.37 and its 200 day moving average price is $39.59. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 20.65 and a beta of 1.36.

In related news, COO Robert E. Apple sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $45.06, for a total value of $1,126,500.00. Following the transaction, the chief operating officer now owns 227,816 shares of the company’s stock, valued at approximately $10,265,388.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.40% of the stock is currently owned by company insiders. A number of institutional investors have recently made changes to their positions in MTZ. US Bancorp DE raised its stake in MasTec by 0.3% in the first quarter. US Bancorp DE now owns 44,625 shares of the construction company’s stock valued at $1,788,000 after buying an additional 123 shares during the period. UBS Asset Management Americas Inc. raised its stake in MasTec by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 44,275 shares of the construction company’s stock valued at $1,773,000 after buying an additional 146 shares during the period. Envestnet Asset Management Inc. raised its stake in MasTec by 7.9% in the first quarter. Envestnet Asset Management Inc. now owns 2,681 shares of the construction company’s stock valued at $107,000 after buying an additional 197 shares during the period. Guggenheim Capital LLC raised its stake in MasTec by 2.9% in the fourth quarter. Guggenheim Capital LLC now owns 11,819 shares of the construction company’s stock valued at $452,000 after buying an additional 330 shares during the period. Finally, Prudential Financial Inc. raised its stake in MasTec by 1.8% in the third quarter. Prudential Financial Inc. now owns 26,577 shares of the construction company’s stock valued at $790,000 after buying an additional 460 shares during the period. 68.50% of the stock is currently owned by institutional investors and hedge funds.

About MasTec MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MTZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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

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