Somewhat Favorable Media Coverage Somewhat Unlikely to Impact MasTec (NYSE:MTZ) Share Price
Media coverage about MasTec (NYSE:MTZ) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MasTec earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 47.696162533175 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Mastec Inc Set to Possibly Rebound After Yesterday’s Selloff of 1.22% (mysmartrend.com)
- Nationwide Fund Advisors Modifies Its Position in MasTec, Inc. (MTZ) Stock Last Quarter (highlightpress.com)
- Why You Should Add MasTec (MTZ) Stock to Your Portfolio (finance.yahoo.com)
- Q3 2017 EPS Estimates for MasTec, Inc. Raised by KeyCorp (NYSE:MTZ) (americanbankingnews.com)
- At This Price, Is It Too Late To Buy MasTec, Inc. (MTZ)? – AllStockNews (allstocknews.com)
Shares of MasTec (MTZ) opened at 40.25 on Friday. MasTec has a 12 month low of $26.75 and a 12 month high of $49.50. The firm has a market cap of $3.26 billion, a PE ratio of 14.19 and a beta of 1.44. The company’s 50 day moving average is $45.09 and its 200-day moving average is $42.16.
MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.34. MasTec had a return on equity of 21.80% and a net margin of 3.89%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. Equities research analysts predict that MasTec will post $2.74 EPS for the current year.
A number of analysts have weighed in on MTZ shares. Deutsche Bank AG reissued a “hold” rating and issued a $45.00 price target (up from $40.00) on shares of MasTec in a report on Saturday, April 22nd. Zacks Investment Research downgraded shares of MasTec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target on shares of MasTec in a report on Friday, May 5th. FBR & Co reissued an “outperform” rating and issued a $57.00 price target (up from $50.00) on shares of MasTec in a report on Monday, May 8th. Finally, DA Davidson increased their price target on shares of MasTec from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, May 8th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $46.47.
In other news, Director C Robert Campbell sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total value of $540,000.00. Following the completion of the transaction, the director now owns 67,082 shares of the company’s stock, valued at $3,018,690. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jose S. Sorzano sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $45.56, for a total value of $108,933.96. Following the completion of the transaction, the director now directly owns 37,545 shares of the company’s stock, valued at approximately $1,710,550.20. The disclosure for this sale can be found here. Corporate insiders own 20.30% of the company’s stock.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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