MasTec Inc. (NYSE:MTZ) shares rose 3.2% during trading on Thursday . The company traded as high as $23.91 and last traded at $23.90, with a volume of 751,213 shares trading hands. The stock had previously closed at $23.16.

MTZ has been the topic of a number of recent research reports. TheStreet upgraded shares of MasTec from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Avondale Partners restated an “outperform” rating on shares of MasTec in a research note on Thursday, April 21st. Deutsche Bank AG lowered shares of MasTec from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Wednesday, April 6th. DA Davidson lifted their price objective on shares of MasTec to $25.00 in a research note on Monday, March 21st. Finally, Canaccord Genuity initiated coverage on shares of MasTec in a research note on Monday, April 11th. They issued a “buy” rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. MasTec has a consensus rating of “Buy” and an average price target of C$22.91.

The stock’s 50 day moving average is $22.85 and its 200 day moving average is $19.35. The firm’s market cap is $1.92 billion.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The business earned $974.20 million during the quarter, compared to the consensus estimate of $950.93 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts expect that MasTec Inc. will post $1.40 EPS for the current fiscal year.

In other news, COO Robert E. Apple sold 13,739 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of C$23.77, for a total value of C$326,576.03. Following the transaction, the chief operating officer now directly owns 207,306 shares in the company, valued at approximately C$4,927,663.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Robert E. Apple sold 40,000 shares of the firm’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of C$23.57, for a total transaction of C$942,800.00. Following the completion of the transaction, the chief operating officer now owns 243,567 shares in the company, valued at C$5,740,874.19. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in MasTec by 40.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,156,345 shares of the company’s stock worth $72,238,000 after buying an additional 1,201,540 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in MasTec during the fourth quarter worth $10,294,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in MasTec during the fourth quarter worth $2,999,000. Russell Frank Co purchased a new stake in MasTec during the fourth quarter worth $2,732,000. Finally, Sei Investments Co. boosted its stake in MasTec by 315.0% in the fourth quarter. Sei Investments Co. now owns 175,903 shares of the company’s stock worth $3,057,000 after buying an additional 133,515 shares during the period.

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.

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