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These Numbers Show Favorable Signs for MasTec Inc. (MTZ)

MasTec Inc. (NYSE: MTZ) is -20.34% lower on its value in year-to-date trading and has touched a low of $67.31 and a high of $104.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTZ stock was last observed hovering at around $73.79 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $102.50 for the next 12 months. It is also 38.74% off the consensus price target high of $120.00 offered by 13 analysts, but current levels are 23.43% higher than the price target low of $96.00 for the same period.

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Currently trading at $73.51, the stock is 1.91% and -3.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.36 million and changing -0.38% at the moment leaves the stock -13.32% off its SMA200. MTZ registered -26.67% loss for a year compared to 6-month loss of -21.96%. The firm has a 50-day simple moving average (SMA 50) of $0.91 and a 200-day simple moving average (SMA200) of $9.41.

The stock witnessed a 5.92% gain in the last 1 month and extending the period to 3 months gives it a -9.20%, and is 2.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.38% over the month.

MasTec Inc. (MTZ) has around 27000 employees, a market worth around $5.54B and $8.13B in sales. Current P/E ratio is 23.79 and Fwd P/E is 11.98. Profit margin for the company is 2.80%. Distance from 52-week low is 9.21% and -29.62% from its 52-week high. The company has generated returns on investments over the last 12 months (7.80%).

MasTec Inc. (MTZ) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MasTec Inc. (MTZ) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.80, where 1 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

MasTec Inc. is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 1.50% this year.

MasTec Inc. (MTZ) Top Institutional Holders

The shares outstanding are 74.79M, and float is at 57.42M with Short Float at 3.90%.

MasTec Inc. (MTZ) Insider Activity

A total of 28 insider transactions have happened at MasTec Inc. (MTZ) in the last six months, with sales accounting for 12 and purchases happening 16 times.

MasTec Inc. (MTZ): Who are the competitors?

The company’s main competitors (and peers) include Crown Castle International Corp. (CCI) that is trading -16.11% down over the past 12 months and SBA Communications Corporation (SBAC) that is -6.10% lower over the same period. Jacobs Engineering Group Inc. (J) is -3.03% down on the 1-year trading charts.

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