Stock Rating Upgrade
The Value Trend Rating for MasTec Inc. (NYSE: MTZ) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
MasTec Inc. (NYSE: MTZ) stock closed at $108.88 on 5/20/24 after an increase of 1.4%. However, unusually low trading volume at 56% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 0.7% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MasTec has a neutral Appreciation Score of 48 but a good Power Rating of 79, producing the Positive Value Trend Rating.
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