MasTec (NYSE: MTZ)‘s stock had its “buy” rating reiterated by investment analysts at KeyBanc in a note issued to investors on Monday. They currently have a $35.00 target price on the stock, up from their previous target price of $30.00.

MasTec traded down 2.21% on Monday, hitting $30.10. MasTec has a 1-year low of $12.86 and a 1-year high of $31.47. The stock’s 50-day moving average is currently $28.64. The company has a market cap of $2.290 billion and a price-to-earnings ratio of 23.53.

MasTec last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.01. The company had revenue of $932.36 million for the quarter, compared to the consensus estimate of $889.00 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 27.4% on a year-over-year basis. MasTec has set its Q1 guidance at approx $0.24 EPS and its FY13 guidance at $1.78-1.83 EPS. Analysts expect that MasTec will post $1.90 EPS for the current fiscal year.

A number of other firms have also recently commented on MTZ. Analysts at FBR Capital raised their price target on shares of MasTec from $27.00 to $32.00 in a research note to investors on Monday, January 28th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of MasTec from $29.00 to $34.00 in a research note to investors on Wednesday, January 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup initiated coverage on shares of MasTec in a research note to investors on Thursday, December 20th. They set a “buy” rating and a $30.00 price target on the stock.

Five analysts have rated the stock with a buy rating, and two have assigned a hold rating to the stock. The company has an average rating of “overweight” and a consensus target price of $30.86.

Mastec, Inc. is a specialty contractor operating throughout the United States and across a range of industries.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.