MasTec (MTZ) Rating Reiterated by Citigroup

Citigroup reiterated their buy rating on shares of MasTec (NYSE:MTZ) in a report published on Thursday morning.

Several other brokerages have also commented on MTZ. Zacks Investment Research upgraded MasTec from a hold rating to a strong-buy rating and set a $60.00 price target on the stock in a research note on Friday, January 19th. Credit Suisse Group restated an outperform rating and set a $69.00 price target (up previously from $58.00) on shares of MasTec in a research note on Thursday, January 18th. Craig Hallum raised their price target on MasTec from $57.00 to $64.00 and gave the company a buy rating in a research note on Tuesday, January 2nd. ValuEngine lowered MasTec from a buy rating to a hold rating in a research note on Tuesday, March 20th. Finally, Barclays started coverage on MasTec in a research note on Tuesday, December 12th. They set an overweight rating and a $54.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $60.87.

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MasTec stock opened at $45.20 on Thursday. The company has a market capitalization of $3,743.69, a price-to-earnings ratio of 10.74, a PEG ratio of 0.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.84 and a current ratio of 1.92. MasTec has a 52 week low of $36.40 and a 52 week high of $55.53.

In other MasTec news, EVP Cardenas Alberto De sold 15,000 shares of MasTec stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $49.55, for a total value of $743,250.00. Following the transaction, the executive vice president now owns 110,502 shares in the company, valued at $5,475,374.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert E. Apple sold 25,000 shares of MasTec stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $55.07, for a total value of $1,376,750.00. The disclosure for this sale can be found here. Insiders sold 69,607 shares of company stock worth $3,633,214 in the last quarter. 20.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. purchased a new position in MasTec in the fourth quarter valued at about $107,000. FNY Partners Fund LP purchased a new stake in shares of MasTec during the fourth quarter worth about $122,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of MasTec by 81.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,624 shares of the construction company’s stock worth $128,000 after acquiring an additional 1,179 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of MasTec during the fourth quarter worth about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MasTec by 53.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock worth $166,000 after acquiring an additional 1,175 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

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MasTec Company Profile

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.

Analyst Recommendations for MasTec (NYSE:MTZ)

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