MasTec Inc. (NYSE:MTZ)’s share price shot up 3.2% on Thursday . The stock 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.

Several research firms have weighed in on MTZ. KeyCorp restated a “buy” rating on shares of MasTec in a report on Saturday, April 9th. FBR & Co restated a “buy” rating on shares of MasTec in a report on Tuesday, May 10th. Canaccord Genuity restated a “buy” rating on shares of MasTec in a report on Sunday, May 8th. Wunderlich raised their target price on MasTec from $22.00 to $26.00 and gave the company a “buy” rating in a report on Monday, March 21st. Finally, Deutsche Bank AG cut their target price on MasTec from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, April 7th. 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. The stock currently has an average rating of “Buy” and an average price target of C$22.91.

The firm’s market cap is $1.94 billion. The stock’s 50 day moving average is $22.94 and its 200 day moving average is $19.40.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. During the same period last year, the firm earned ($0.08) EPS. The firm earned $974.20 million during the quarter, compared to analyst estimates of $950.93 million. MasTec’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that MasTec Inc. will post $1.40 EPS for the current year.

In other news, COO Robert E. Apple sold 13,739 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 207,306 shares of the company’s stock, valued at approximately C$4,927,663.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Robert E. Apple sold 40,000 shares of the business’s stock in a transaction on Monday, June 20th. The shares were 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 directly owns 243,567 shares of the company’s stock, valued at approximately C$5,740,874.19. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of MasTec by 1.8% in the fourth quarter. Rhumbline Advisers now owns 100,517 shares of the company’s stock valued at $1,747,000 after buying an additional 1,820 shares during the period. California State Teachers Retirement System raised its position in shares of MasTec by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 123,670 shares of the company’s stock worth $2,149,000 after buying an additional 1,938 shares during the last quarter. California Public Employees Retirement System raised its position in shares of MasTec by 3.7% in the fourth quarter. California Public Employees Retirement System now owns 225,800 shares of the company’s stock worth $3,924,000 after buying an additional 8,100 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of MasTec by 101.1% in the fourth quarter. Nationwide Fund Advisors now owns 92,984 shares of the company’s stock worth $1,616,000 after buying an additional 46,750 shares during the last quarter. Finally, Royce & Associates LLC raised its position in shares of MasTec by 10.4% in the fourth quarter. Royce & Associates LLC now owns 825,300 shares of the company’s stock worth $14,344,000 after buying an additional 78,000 shares during the last quarter.

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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