Barclays Maintains Overweight Rating for MasTec: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of MasTec MTZ and raise its price target from $100.00 to $115.00.

Shares of MasTec are trading up 0.17% over the last 24 hours, at $96.72 per share.

A move to $115.00 would account for a 18.9% increase from the current share price.

About MasTec

MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.