Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for MasTec Inc. (NYSE: MTZ) weakened of late. MTZ’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
MasTec Inc. (NYSE: MTZ) stock closed at $94.16 on 4/8/24 after a modest gain of 0.8%. However, this advance was accompanied by exceptionally low trading volume at 47% of normal. The stock has risen 1.0% during the last week but has been weak relative to the market over the last nine months.
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 Value Builder.
MasTec has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MasTec has a neutral Appreciation Score of 53 but a poor Power Rating of 28, resulting in the Negative Value Trend Rating.
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