MasTec Inc. (NYSE: MTZ) stock closed at $101.80 on 5/3/24 after a major increase of 11.9%. Moreover, trading volume in this advance was exceptionally high at 261% of normal. The stock has risen 18.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MTZ is expected to continue to be a Value Builder.
MasTec has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. MasTec has a neutral Appreciation Score of 48 and a slightly positive Power Rating of 62, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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