Stock Mover of The Day: MasTec, Inc.’s Trend Down, Especially After Today’s Weak Session

Stock Mover of The Day: MasTec, Inc.'s Trend Down, Especially After Today's Weak Session

The stock of MasTec, Inc. (NYSE:MTZ) is a huge mover today! About 992,312 shares traded hands or 43.23% up from the average. MasTec, Inc. (NYSE:MTZ) has risen 79.62% since April 14, 2016 and is uptrending. It has outperformed by 74.93% the S&P500.
The move comes after 7 months negative chart setup for the $3.04 billion company. It was reported on Nov, 16 by Barchart.com. We have $32.53 PT which if reached, will make NYSE:MTZ worth $273.60 million less.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Out of 8 analysts covering MasTec (NYSE:MTZ), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. MasTec has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Stephens maintained the shares of MTZ in a report on Monday, September 21 with “Buy” rating. The rating was maintained by FBR Capital on Tuesday, September 1 with “Outperform”. The firm has “Buy” rating by Stifel Nicolaus given on Monday, November 14. The stock of MasTec, Inc. (NYSE:MTZ) earned “Outperform” rating by Robert W. Baird on Tuesday, August 25. Stifel Nicolaus reinitiated MasTec, Inc. (NYSE:MTZ) on Tuesday, January 5 with “Buy” rating. The rating was initiated by Craig Hallum with “Buy” on Thursday, November 12. Zacks downgraded MasTec, Inc. (NYSE:MTZ) on Tuesday, August 4 to “Hold” rating. FBR Capital maintained it with “Outperform” rating and $28 target price in Monday, August 3 report. The stock of MasTec, Inc. (NYSE:MTZ) has “Neutral” rating given on Friday, November 13 by Citigroup.

According to Zacks Investment Research, “MASTEC INC. is one of the largest providers of construction services to the telecommunications industry in the United States. The Company’s principal business consists of the installation and maintenance of aerial, underground and buried copper and fiber optic cable, underground conduit, manhole systems and relatessed construction for local telephone companies, including Regional Bell Operating Companies such as BellSouth Telecommunications, Inc., U.S. West, Inc. and SBC Communications, Inc., and non-Bell local telephone companies such as Sprint Corp., and GTE Corp.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.51, from 1.47 in 2016Q1. The ratio dropped, as 23 funds sold all MasTec, Inc. shares owned while 68 reduced positions. 35 funds bought stakes while 52 increased positions. They now own 57.23 million shares or 0.83% less from 57.71 million shares in 2016Q1.
D E Shaw & Com owns 16,092 shares or 0% of their US portfolio. Moreover, Robeco Institutional Asset Management Bv has 0.02% invested in MasTec, Inc. (NYSE:MTZ) for 93,824 shares. Ubs Asset Mgmt Americas Incorporated reported 53,687 shares or 0% of all its holdings. Blackrock holds 0% or 7,944 shares in its portfolio. American Financial has 0.02% invested in the company for 10,884 shares. Deutsche Financial Bank Ag accumulated 60,130 shares or 0% of the stock. Luminus Mngmt last reported 265,986 shares in the company. Fil Ltd, a Bermuda-based fund reported 1.13M shares. Hutchin Hill Cap L P has 0.75% invested in the company for 1.00 million shares. Jane Street Gp Ltd Limited Liability Company has 14,315 shares for 0% of their US portfolio. Legal General Group Public Ltd Llc, a United Kingdom-based fund reported 71,695 shares. Schwab Charles Management has 399,911 shares for 0.01% of their US portfolio. Allianz Asset Mngmt Ag last reported 866,376 shares in the company. Canada Pension Plan Invest Board owns 543,300 shares or 0.05% of their US portfolio. Cubist Systematic Strategies Llc reported 14,593 shares or 0.02% of all its holdings.

More recent MasTec, Inc. (NYSE:MTZ) news were published by: Fool.com which released: “MasTec, Inc. Stock Up 10% Today: Here’s Why” on November 10, 2016. Also Prnewswire.com published the news titled: “MasTec Announces Third Quarter 2016 Results Above Expectations and Increases …” on November 03, 2016. Prnewswire.com‘s news article titled: “MasTec Schedules Third Quarter 2016 Earnings Release and Conference Call” with publication date: October 24, 2016 was also an interesting one.

MTZ Company Profile

MasTec, Inc., incorporated on April 8, 1998, is an infrastructure construction company. The Firm operates primarily across North America through a range of industries. The Company’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure. The Firm manages its activities under five operating divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The Firm offers its services primarily under the MasTec service mark and has activities across approximately 470 locations. It provides services under master service and other service agreements, which are generally multi-year agreements. It offers its service offerings in markets, including wireless services; natural gas, natural gas liquids and petroleum pipeline, and electrical transmission.

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