Stock Rating Downgrade
In recent days the Value Trend Rating for MasTec Inc. (NYSE: MTZ) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
MasTec Inc. (NYSE: MTZ) stock closed at $63.12 on 12/1/23 after a large increase of 4.1%. NORMAL trading volume accompanied the advance. The stock has risen 10.1% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MTZ is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 59 but a poor Power Rating of 23, and the Negative Value Trend Rating results.
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