MasTec Stock Hits New 52-Week Low (MTZ)

NEW YORK ( TheStreet) -- MasTec (NYSE: MTZ) hit a new 52-week low Tuesday as it is currently trading at $13.78, below its previous 52-week low of $13.79 with 701,288 shares traded as of 11:35 a.m. ET. Average volume has been 796,500 shares over the past 30 days.

MasTec has a market cap of $1.19 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 18.2% year to date as of the close of trading on Monday.

MasTec, Inc., an infrastructure construction company, engages in engineering, building, installing, maintaining, and upgrading energy, communication, and utility infrastructure in North America. The company has a P/E ratio of 13, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MasTec as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full MasTec Ratings Report.

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