Barclays Maintains an 'Overweight' on MasTec (MTZ); Bolstered Confidence After Good Start to Q1
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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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Barclays maintains an 'Overweight' on MasTec (NYSE: MTZ) price target of $24.00.
Analyst, Andy Kaplowitz, said, "We think MTZ remains on track for a better 2012 after reporting improved 1Q results and reiterating a generally positive full-year outlook. While we were only expecting a lackluster start to 2012, MTZ was able to deliver EPS at the high end of management's previous guidance range ($0.17 vs. our $0.15) despite lingering weather related issues in the pipeline business as well as lower volumes and overhead utilization in the wireless segment."
Kaplowitz maintains FY13 EPS estimates of $1.70 and feel more confident in MTZ's ability to deliver,
For an analyst ratings summary and ratings history on MasTec click here. For more ratings news on MasTec click here.
Shares of MasTec closed at $17.75 yesterday.
Analyst, Andy Kaplowitz, said, "We think MTZ remains on track for a better 2012 after reporting improved 1Q results and reiterating a generally positive full-year outlook. While we were only expecting a lackluster start to 2012, MTZ was able to deliver EPS at the high end of management's previous guidance range ($0.17 vs. our $0.15) despite lingering weather related issues in the pipeline business as well as lower volumes and overhead utilization in the wireless segment."
Kaplowitz maintains FY13 EPS estimates of $1.70 and feel more confident in MTZ's ability to deliver,
For an analyst ratings summary and ratings history on MasTec click here. For more ratings news on MasTec click here.
Shares of MasTec closed at $17.75 yesterday.
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