MasTec with ticker code (MTZ) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 125 and 97 calculating the average target price we see 109.58. Given that the stocks previous close was at 95.98 this is indicating there is a potential upside of 14.2%. The 50 day MA is 88.25 and the 200 moving average now moves to 79.75. The company has a market capitalisation of $7,554m. Company Website: https://www.mastec.com
The potential market cap would be $8,625m based on the market concensus.
MasTec, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers’ distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec was founded in 1929 and is headquartered in Coral Gables, Florida.
