Shares of MasTec Inc. (NYSE:MTZ) traded today at $119.97, eclipsing its 52-week high. Approximately 291,000 shares have changed hands today, as compared to an average 30-day volume of 807,000 shares.
Over the past year, MasTec Inc. has traded in a range of $29.17 to $119.97 and is now at $119.33, 309% above that low.
MasTec Inc. (NYSE:MTZ) is currently priced 9.1% above its average consensus analyst price target of $108.43.
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, Electrical Transmission, Clean Energy and Infrastructure, and Other. 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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