MasTec Inc. (NYSE: MTZ) stock enjoyed a major increase of 12.4% on 3/1/24. The shares closed at $84.85. Moreover, this advance was accompanied by exceptionally high trading volume at 316% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 17.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MTZ is expected to continue to be a modest Value Builder.
MasTec has a current Value Trend Rating of D (Negative). 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 49 but a poor Power Rating of 19, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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