MasTec Inc rises 5% amid market context
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2022
0mins
Should l Buy MTZ?
Source: 5
MasTec Inc's stock price increased by 5.00% during regular trading, reaching a 5-day high. This movement occurs in a mixed market environment, with the Nasdaq-100 down 0.07% and the S&P 500 up 0.18.
The rise in MasTec's stock is attributed to sector rotation, as investors are shifting their focus towards infrastructure and construction companies, despite the slight decline in the Nasdaq-100. This suggests a growing confidence in MasTec's business prospects amid broader market fluctuations.
The implications of this price movement indicate that investors are recognizing the potential for growth in the infrastructure sector, which may lead to further investments in MasTec as the company continues to capitalize on upcoming projects and contracts.
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Analyst Views on MTZ
Wall Street analysts forecast MTZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTZ is 252.20 USD with a low forecast of 225.00 USD and a high forecast of 270.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 244.860
Low
225.00
Averages
252.20
High
270.00
Current: 244.860
Low
225.00
Averages
252.20
High
270.00
About MTZ
MasTec, Inc. is an infrastructure construction company operating mainly throughout North America across a range of industries. The Company's segments include Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. Communications segment performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, wireless integration and optimization and install-to-the-home services, and others. Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources, such as wind, solar, and hydrogen; various types of heavy civil and industrial infrastructure services, and others. Power Delivery segment primarily serves the energy, utility and data center infrastructure industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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