Deutsche Bank Has Decided To Upgrade MasTec (NYSE:MTZ) Shares

September 17, 2017 - By Peter Erickson

  Deutsche Bank Has Decided To Upgrade MasTec (NYSE:MTZ) Shares

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.02, from 1.1 in 2016Q3. It improved, as 20 investors sold MasTec, Inc. shares while 85 reduced holdings. 62 funds opened positions while 56 raised stakes. 56.54 million shares or 0.99% more from 55.98 million shares in 2016Q3 were reported.

Pier Capital Limited Com stated it has 142,632 shares. Wellington Management Grp Llp has 158,266 shares. Point72 Asia (Hong Kong) Limited owns 2,063 shares. The Vermont-based Tru Of Vermont has invested 0% in MasTec, Inc. (NYSE:MTZ). American International Gp Inc holds 0.01% or 38,086 shares. Macquarie Gru Ltd stated it has 0.22% in MasTec, Inc. (NYSE:MTZ). Stifel Fincl Corporation reported 7,537 shares. Aperio Group Inc Ltd Llc reported 22,090 shares. Canada Pension Plan Investment Board stated it has 0.05% in MasTec, Inc. (NYSE:MTZ). 1832 Asset Mngmt Limited Partnership holds 0.02% in MasTec, Inc. (NYSE:MTZ) or 222,700 shares. Tudor Inv Corporation Et Al owns 0.04% invested in MasTec, Inc. (NYSE:MTZ) for 37,970 shares. Credit Agricole S A invested in 0.04% or 287,500 shares. Aqr Cap Management Limited Liability Co reported 144,481 shares. Prudential Fincl has 110,357 shares. Mesirow Fincl Inv invested in 481,545 shares.

Since June 9, 2017, it had 0 insider buys, and 1 insider sale for $108,939 activity.

MasTec (NYSE:MTZ) Stock Upgrade

Deutsche Bank upgraded shares of MasTec (NYSE:MTZ) to a solid Buy rating in an analyst note issued on Tuesday, 12 September. Analysts currently have a $50.0 target price per share set on the stock. This target price per share suggests a possible upside of 14.03 % from the last stock price of the stock.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.02, from 1.1 in 2016Q3. It improved, as 20 investors sold MasTec, Inc. shares while 85 reduced holdings. 62 funds opened positions while 56 raised stakes. 56.54 million shares or 0.99% more from 55.98 million shares in 2016Q3 were reported.

Pier Capital Limited Com stated it has 142,632 shares. Wellington Management Grp Llp has 158,266 shares. Point72 Asia (Hong Kong) Limited owns 2,063 shares. The Vermont-based Tru Of Vermont has invested 0% in MasTec, Inc. (NYSE:MTZ). American International Gp Inc holds 0.01% or 38,086 shares. Macquarie Gru Ltd stated it has 0.22% in MasTec, Inc. (NYSE:MTZ). Stifel Fincl Corporation reported 7,537 shares. Aperio Group Inc Ltd Llc reported 22,090 shares. Canada Pension Plan Investment Board stated it has 0.05% in MasTec, Inc. (NYSE:MTZ). 1832 Asset Mngmt Limited Partnership holds 0.02% in MasTec, Inc. (NYSE:MTZ) or 222,700 shares. Tudor Inv Corporation Et Al owns 0.04% invested in MasTec, Inc. (NYSE:MTZ) for 37,970 shares. Credit Agricole S A invested in 0.04% or 287,500 shares. Aqr Cap Management Limited Liability Co reported 144,481 shares. Prudential Fincl has 110,357 shares. Mesirow Fincl Inv invested in 481,545 shares.

Since June 9, 2017, it had 0 insider buys, and 1 insider sale for $108,939 activity.

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Among 12 analysts covering MasTec (NYSE:MTZ), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. MasTec has $66 highest and $16 lowest target. $44.25’s average target is 0.91% above currents $43.85 stock price. MasTec had 26 analyst reports since August 3, 2015 according to SRatingsIntel. As per Thursday, September 7, the company rating was maintained by Stifel Nicolaus. As per Thursday, April 13, the company rating was upgraded by DA Davidson. The firm earned “Hold” rating on Tuesday, August 4 by Zacks. The rating was maintained by Robert W. Baird on Tuesday, September 5 with “Hold”. The stock has “Buy” rating by Canaccord Genuity on Wednesday, August 9. Robert W. Baird initiated MasTec, Inc. (NYSE:MTZ) on Tuesday, August 25 with “Outperform” rating. The firm has “Outperform” rating given on Monday, July 24 by Credit Suisse. On Monday, November 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. Citigroup initiated MasTec, Inc. (NYSE:MTZ) on Friday, November 13 with “Neutral” rating. Credit Suisse initiated the stock with “Neutral” rating in Monday, April 3 report.

The stock decreased 0.23% or $0.1 on September 15, reaching $43.85. About 1.11M shares traded. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since September 17, 2016 and is uptrending. It has outperformed by 76.72% the S&P500.

Investors wait MasTec, Inc. (NYSE:MTZ) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.70 earnings per share, down $0.08 or 10.26 % from last year’s $0.78 same quarter earnings. This translates into $57.95M profit for MTZ giving the stock a 15.66 P/E. This is assuming the current $0.70 EPS is accurate. MasTec, Inc.’s Wall Street analysts see -29.29 % negative EPS growth, taking into account the $0.99 EPS reproted in the previous quarter,

MasTec, Inc. is an infrastructure construction company. The company has market cap of $3.63 billion. The Firm operates primarily across North America through a range of industries. It has a 15.46 P/E ratio. The Firm operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

Another recent and important MasTec, Inc. (NYSE:MTZ) news was published by Prnewswire.com which published an article titled: “MasTec Senior Management to Present at Morgan Stanley and DA Davidson …” on September 07, 2017.

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