MasTec (MTZ) Receiving Somewhat Positive News Coverage, Analysis Shows

News articles about MasTec (NYSE:MTZ) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MasTec earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.4025705196776 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

MTZ has been the topic of several research reports. KeyCorp restated a “buy” rating and set a $51.00 price target on shares of MasTec in a research note on Tuesday, September 19th. Zacks Investment Research lowered MasTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. Stifel Nicolaus restated a “buy” rating and set a $55.50 price target on shares of MasTec in a research note on Friday, October 13th. Citigroup set a $54.00 price target on MasTec and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and raised their price target for the company from $51.00 to $53.00 in a research note on Monday, November 6th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.33.

Shares of MasTec (MTZ) traded up $0.90 during mid-day trading on Friday, reaching $52.50. The company had a trading volume of 722,600 shares, compared to its average volume of 1,060,000. MasTec has a 12 month low of $34.60 and a 12 month high of $52.65. The company has a market capitalization of $4,340.00, a P/E ratio of 17.98, a P/E/G ratio of 1.30 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. sell-side analysts predict that MasTec will post 2.65 EPS for the current fiscal year.

In related news, COO Robert E. Apple sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $50.16, for a total transaction of $1,254,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 20.30% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for MasTec (NYSE:MTZ)

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