Soaring Sales Lift MasTec to New Records
Investors have waited to see whether anticipated increases in infrastructure spending would lift stocks of companies in the construction industry. Yet MasTec (NYSE: MTZ) decided not to wait for Washington to act, and instead, it has strived to find ways to create its own growth opportunities.
Coming into Thursday's second-quarter financial report, MasTec investors had high hopes for solid gains in revenue and earnings. Yet even MasTec itself seemed surprised by just how well it did during the second quarter. Let's take a closer look at MasTec and what its latest results say about the company and its industry going forward.
Image source: MasTec.
Source: Fool.com
Mastec Inc. Stock
€98.50
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The stock is an absolute favorite of our community with 30 Buy predictions and no Sell predictions.
With a target price of 111 € there is a slightly positive potential of 12.69% for Mastec Inc. compared to the current price of 98.5 €.
