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MasTec (MTZ) Gets a Buy Rating from Robert W. Baird

Robert W. Baird analyst Justin Hauke maintained a Buy rating on MasTec (MTZResearch Report) on March 14 and set a price target of $100.00. The company’s shares closed last Monday at $88.01.

According to TipRanks.com, Hauke is ranked #2909 out of 7920 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $112.29 average price target, a 26.9% upside from current levels. In a report issued on February 28, Credit Suisse also maintained a Buy rating on the stock with a $114.00 price target.

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The company has a one-year high of $122.33 and a one-year low of $71.85. Currently, MasTec has an average volume of 627.1K.

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MasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications; Oil and Gas; Electrical Transmissions; Power Generation and Industrial; and Other. The Communications segment performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers. The Oil and Gas segment offers services on oil and natural gas pipelines and processing facilities for the energy, and utilities industries. The Electrical Transmission segment deals with the energy and utility industries. The Power Generation and Industrial segment covers energy, utility and other end-markets through the installation and construction of conventional and renewable power facilities. The Other segment comprises of equity investees, other small business units that perform construction, and other services for a variety of international end-markets. The company was founded by Jorge Mas Canosa in 1994 and is headquartered in Coral Gables, FL.

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