Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MasTec (MTZ) Stock Price
Media stories about MasTec (NYSE:MTZ) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MasTec earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.8878188991686 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- MasTec (MTZ) vs. Pike Corp (PIKE) Critical Review (americanbankingnews.com)
- Here’s Why You Should Add Mastec (MTZ) to Your Portfolio Now – Nasdaq (nasdaq.com)
- Here's Why You Should Add Mastec (MTZ) to Your Portfolio Now (finance.yahoo.com)
- MasTec Senior Management to Present at the Bank of America Merrill Lynch and Credit Suisse Investor Conferences in Florida (finance.yahoo.com)
- MasTec, Inc. (MTZ) Short Interest Up 44.6% in October (americanbankingnews.com)
Shares of MasTec (MTZ) traded up $0.70 during trading on Tuesday, hitting $42.30. 867,242 shares of the company were exchanged, compared to its average volume of 887,418. The company has a current ratio of 1.74, a quick ratio of 1.66 and a debt-to-equity ratio of 0.92. MasTec has a fifty-two week low of $34.33 and a fifty-two week high of $49.50. The firm has a market capitalization of $3,360.00, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.09 and a beta of 1.54.
MasTec (NYSE:MTZ) last released its earnings results on Thursday, November 2nd. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. MasTec had a net margin of 3.28% and a return on equity of 20.28%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. equities analysts anticipate that MasTec will post 2.65 earnings per share for the current fiscal year.
Several equities analysts have commented on MTZ shares. B. Riley reissued a “buy” rating and set a $67.00 target price (up from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. ValuEngine raised shares of MasTec from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Citigroup Inc. raised MasTec from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Friday, August 18th. Credit Suisse Group raised MasTec from a “neutral” rating to an “outperform” rating and raised their price target for the company from $46.00 to $55.00 in a research report on Monday, July 24th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $55.00 price target on shares of MasTec in a research report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. MasTec currently has an average rating of “Buy” and a consensus target price of $55.14.
MasTec Company Profile
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.
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