Are Analysts Bearish MasTec, Inc. (NYSE:MTZ) After Last Week?

May 16, 2018 - By Nellie Frank

MasTec, Inc. (NYSE:MTZ) LogoInvestors sentiment increased to 1.49 in 2017 Q4. Its up 0.10, from 1.39 in 2017Q3. It improved, as 29 investors sold MasTec, Inc. shares while 79 reduced holdings. 67 funds opened positions while 94 raised stakes. 63.16 million shares or 8.33% more from 58.30 million shares in 2017Q3 were reported.
Qs Invsts Lc accumulated 0% or 68 shares. C M Bidwell & Assoc holds 0.08% or 1,790 shares. The British Columbia – Canada-based Pacad Inv Limited has invested 0.01% in MasTec, Inc. (NYSE:MTZ). Strategic Glob Advisors Ltd Liability owns 5,381 shares or 0.09% of their US portfolio. Balyasny Asset Mngmt Limited Com holds 434,981 shares. Lpl Financial Limited Liability Corp invested 0% of its portfolio in MasTec, Inc. (NYSE:MTZ). Smith Asset Mngmt Grp L P holds 0% of its portfolio in MasTec, Inc. (NYSE:MTZ) for 692 shares. Ameritas Investment Prtn Incorporated holds 0.01% or 5,719 shares. Fortaleza Asset owns 3,720 shares. James Investment Rech stated it has 0.23% of its portfolio in MasTec, Inc. (NYSE:MTZ). Chicago Equity Ptnrs Ltd Liability Corporation holds 0.13% in MasTec, Inc. (NYSE:MTZ) or 84,070 shares. Aviance Ltd Company stated it has 0.02% in MasTec, Inc. (NYSE:MTZ). Robeco Institutional Asset Mngmt Bv stated it has 0.02% of its portfolio in MasTec, Inc. (NYSE:MTZ). Fiera has invested 0.04% of its portfolio in MasTec, Inc. (NYSE:MTZ). Guggenheim Limited Liability Company has 21,913 shares for 0% of their portfolio.

Since February 1, 2018, it had 0 insider purchases, and 4 insider sales for $4.40 million activity. $1.38 million worth of MasTec, Inc. (NYSE:MTZ) shares were sold by Apple Robert E. de Cardenas Alberto sold $743,190 worth of stock or 15,000 shares.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Among 13 analysts covering MasTec (NYSE:MTZ), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. MasTec had 20 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Thursday, January 18. The firm earned “Buy” rating on Friday, March 23 by Canaccord Genuity. The rating was initiated by Barclays Capital on Tuesday, December 12 with “Buy”. On Thursday, March 1 the stock rating was maintained by B. Riley & Co with “Buy”. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Buy”. The stock of MasTec, Inc. (NYSE:MTZ) has “Neutral” rating given on Thursday, March 1 by Robert W. Baird. The stock of MasTec, Inc. (NYSE:MTZ) earned “Buy” rating by Craig Hallum on Tuesday, January 2. Credit Suisse maintained the shares of MTZ in report on Wednesday, May 2 with “Outperform” rating. The company was maintained on Wednesday, February 28 by Stephens. The firm earned “Buy” rating on Friday, January 26 by Stifel Nicolaus. Below is a list of MasTec, Inc. (NYSE:MTZ) latest ratings and price target changes.

02/05/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $70 New Target: $64 Maintain
01/05/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $55 New Target: $51 Maintain
23/03/2018 Broker: Canaccord Genuity Rating: Buy New Target: $65.0000 Maintain
22/03/2018 Broker: Deutsche Bank Rating: Buy New Target: $48.0 Upgrade
28/02/2018 Broker: Stephens Rating: Buy New Target: $65.0 Maintain
01/03/2018 Broker: Craig Hallum Rating: Buy New Target: $69.0 Maintain
01/03/2018 Broker: DA Davidson Rating: Buy New Target: $65.0
01/03/2018 Broker: B. Riley & Co Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $71 Maintain
01/03/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral Downgrade
01/03/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $69 New Target: $70 Maintain

The stock increased 4.66% or $2.275 during the last trading session, reaching $51.125. About 594,692 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 20.29% since May 16, 2017 and is uptrending. It has outperformed by 8.74% the S&P500.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. The company has market cap of $4.03 billion. It operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. It has a 12.11 P/E ratio. The firm manufactures underground and overhead distribution systems, including trenches, conduits, cable, and power lines, which provide wireless and wireline/fiber communications; crude oil, natural gas, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; and compressor and pump stations, and treatment plants.

More recent MasTec, Inc. (NYSE:MTZ) news were published by: Globenewswire.com which released: “Consolidated Research: 2018 Summary Expectations for Advance Auto Parts, Old Republic International, MasTec …” on May 10, 2018. Also Seekingalpha.com published the news titled: “MasTec: Shining Under The Radar” on April 23, 2018. Seekingalpha.com‘s news article titled: “MasTec Has Promising Long-Term Business Prospects” with publication date: May 07, 2018 was also an interesting one.

MasTec, Inc. (NYSE:MTZ) Institutional Positions Chart

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