MasTec, Inc. Common Stock (NYSE:MTZ):
MasTec Schedules Third Quarter 2016 Earnings Release and Conference Call.
The company is so far trading up by 1.62% since yesterday’s close of $27.75.
The stock last traded at $28.20 which is slightly below $28.84, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $25.67. The 50 day moving average was down $-0.64 whereas the 200 day average was up by +9.86%.
In the latest earnings report the EPS was $-0.60 and is estimated to be $1.58 for the current year with 80,410,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.51 and the next full year EPS is projected to be $1.96.
Analysts have weighed in on MTZ recently. On April 11, 2016 Canaccord Genuity started covering MTZ giving it an initial rating of “Buy” and a price target of $23.00. On April 6, 2016 the stock rating was rated “Buy” in a report from Deutsche Bank a cut from the previous “Hold” rating.
Stifel Nicolaus added MTZ to its research portfolio with an initial rating of “Buy” and establishing a price target of $21.00. Equity analyst Citigroup added the stock to its research portfolio setting a rating of “Neutral”.
On November 12 analysts at Craig-Hallum starting coverage on the stock with a rating of “Buy”. On August 25, 2015 Baird initiated coverage on the stock by announcing an initial rating of “Neutral” and price target of $16.00.