FBR Capital Reiterates an 'Outperform' on MasTec (MTZ); Business Update
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Price: $297.59 +4.01%
Rating Summary:
28 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
28 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates an 'Outperform' on MasTec (NYSE: MTZ), PT $28.
FBR analyst says, "Recent meetings with management reconfirm our conviction in our Outperform rating on the shares of MTZ. We anticipate (1) improving growth prospects, (2) upside to backlog and revenue growth in 2011 and 2012 from increasing opportunities within the electrical transmission market and the wireless telecom segment, and (3) meaningful stock price appreciation on strong earnings growth and valuation multiple expansion."
"We expect 1Q revenue of $575M (consensus is $566M), EBITDA of $55M (consensus is $55M), and EPS of $0.23 (consensus is $0.24)."
For more ratings news on MasTec click here and for the rating history of MasTec click here.
Shares of MasTec closed at $20.80 yesterday.
FBR analyst says, "Recent meetings with management reconfirm our conviction in our Outperform rating on the shares of MTZ. We anticipate (1) improving growth prospects, (2) upside to backlog and revenue growth in 2011 and 2012 from increasing opportunities within the electrical transmission market and the wireless telecom segment, and (3) meaningful stock price appreciation on strong earnings growth and valuation multiple expansion."
"We expect 1Q revenue of $575M (consensus is $566M), EBITDA of $55M (consensus is $55M), and EPS of $0.23 (consensus is $0.24)."
For more ratings news on MasTec click here and for the rating history of MasTec click here.
Shares of MasTec closed at $20.80 yesterday.
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