Why MasTec Stock Is Up Today
Construction company (NYSE: MTZ) did much better than expected in the first quarter and the company is growing increasingly confident about 2024. Investors are buying in, sending MasTec shares up 13% as of 11:15 a.m. ET.
MasTec is coming off a tough year in 2023. The construction and engineering company endured delays and cancellations to large projects as customers tried to assess the health of the economy, causing MasTec to miss earnings last November.
The company responded by broadening the services it offers and focusing on priority projects, and those changes appear to be paying off. MasTec lost $0.13 per share in the first quarter on revenue of $2.7 billion, significantly better than the $0.48-per-share loss on sales of $2.6 billion that Wall Street had expected.
Source Fool.com
Mastec Inc. Aktie
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 31 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Dadurch ergibt sich bei einem Kursziel von 109 € ein leicht positives Potenzial von 9.0% im Vergleich zum aktuellen Kurs von 100.0 € bei Mastec Inc..
