MasTec, Inc. Common Stock (NYSE:MTZ):
MasTec Schedules Third Quarter 2016 Earnings Release and Conference Call.
The company is trading up since yesterday’s close of $27.75.
Company shares last traded at $28.20 which is just a bit below $28.84, the 50 day moving average and marginally over the 200 day moving average of $25.67. The 50 day moving average moved down $-0.64 and the 200 day average went up $2.53 or +9.86%.
In the latest earnings report the EPS was $-0.60 and is projected to be $1.58 for the current year with 80,410,000 shares outstanding. Next quarter’s EPS is expected be $0.51 with next year’s EPS projected to be $1.96.
Analysts have released opinions on MasTec, Inc. Common Stock. Equity analyst Canaccord Genuity starting coverage on MTZ with a rating of “Buy” and price target of $23.00. On April 6 the stock rating was downgraded from “Hold” to “Buy” in a report from Deutsche Bank.
On January 5, 2016 Stifel Nicolaus added the stock to its research portfolio with an initial rating of “Buy” and establishing a price target of $21.00. On November 13 analysts at Citigroup initiated coverage on the stock setting a rating of “Neutral”.
Craig-Hallum initiated coverage by announcing an initial rating of “Buy”. On August 25, 2015 Baird began coverage of the stock giving it an initial rating of “Neutral” and projecting a price target of $16.00.