MasTec, Inc. (NYSE:MTZ – Get Free Report) COO Robert E. Apple sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $130.04, for a total value of $104,032.00. Following the completion of the sale, the chief operating officer now directly owns 216,402 shares of the company’s stock, valued at $28,140,916.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MasTec Stock Down 0.5 %
NYSE:MTZ traded down $0.67 on Wednesday, reaching $127.76. 599,358 shares of the stock traded hands, compared to its average volume of 858,201. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -911.86 and a beta of 1.70. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $130.22. The company’s fifty day simple moving average is $113.10 and its 200 day simple moving average is $105.71.
MasTec (NYSE:MTZ – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. MasTec had a net margin of 0.06% and a return on equity of 6.42%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that MasTec, Inc. will post 2.71 EPS for the current fiscal year.
Hedge Funds Weigh In On MasTec
Analyst Upgrades and Downgrades
MTZ has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Citigroup boosted their price objective on shares of MasTec from $118.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group boosted their price objective on shares of MasTec from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of MasTec in a research report on Monday. They set an “overweight” rating and a $153.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.38.
Read Our Latest Report on MasTec
About MasTec
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.
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