The stock of Quanta Services Inc (NYSE:PWR) is a huge mover today! About 1.88 million shares traded hands. Quanta Services Inc (NYSE:PWR) has risen 39.67% since April 13, 2016 and is uptrending. It has outperformed by 35.75% the S&P500.
The move comes after 7 months positive chart setup for the $5.05 billion company. It was reported on Nov, 15 by Barchart.com. We have $41.29 PT which if reached, will make NYSE:PWR worth $1.26 billion more.
Quanta Services Inc (NYSE:PWR) Ratings Coverage
Out of 10 analysts covering Quanta Services Inc. (NYSE:PWR), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Quanta Services Inc. has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Monday, November 9 the stock rating was maintained by FBR Capital with “Mkt Perform”. The company was maintained on Friday, May 6 by Maxim Group. The rating was downgraded by Johnson Rice to “Accumulate” on Monday, October 19. The rating was downgraded by FBR Capital on Monday, October 19 to “Mkt Perform”. Maxim Group maintained the stock with “Buy” rating in Thursday, August 6 report. FBR Capital maintained Quanta Services Inc (NYSE:PWR) rating on Monday, August 10. FBR Capital has “Outperform” rating and $29 price target. The firm earned “Hold” rating on Friday, October 2 by BB&T Capital. Stifel Nicolaus maintained Quanta Services Inc (NYSE:PWR) on Friday, September 23 with “Buy” rating. The company was initiated on Friday, November 13 by Citigroup. FBR Capital maintained Quanta Services Inc (NYSE:PWR) rating on Friday, May 6. FBR Capital has “Mkt Perform” rating and $25 price target.
According to Zacks Investment Research, “Quanta is a leading provider of specialty electrical contracting and maintenance services primarily related to electric and telecommunications infrastructure in North America. In addition, the Company provides electrical contracting services to the commercial and industrial markets and installs transportation control and lighting systems. Some of Quantas services include the installation, repair and maintenance of electric power transmission and distribution lines and telecommunication and cable television lines, the construction of electric substations, and the erection of cellular telephone.”
Another recent and important Quanta Services Inc (NYSE:PWR) news was published by Prnewswire.com which published an article titled: “Quanta Services Announces Third Quarter 2016 Earnings Release & Conference …” on October 27, 2016.
PWR Company Profile
Quanta Services, Inc. (Quanta), incorporated on August 19, 1997, is a well-known provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and gas and oil industries in the United States, Canada and Australia and selected other international markets. The Firm operates through two divisions: Electric Power Infrastructure Services, and Oil and Gas Infrastructure Services. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.
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