Recent important positive changes in fundamentals have benefitted MasTec Inc. (NYSE: MTZ): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
Recent notable positive changes in investment behavior have benefitted MasTec Inc. (NYSE: MTZ): the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. MasTec has a neutral Appreciation Score of 44 but a very high Power Rating of 100, producing the Highest Value Trend Rating.
Recent Price Action
On 6/21/24, MasTec Inc. (NYSE: MTZ) stock enjoyed a large increase of 2.2%, closing at $111.63. Moreover, exceptionally high trading volume at 297% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.5% during the last week.
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