Quanta Services Reaches New 52-Week High (PWR)

NEW YORK ( TheStreet) -- Quanta Services (NYSE: PWR) hit a new 52-week high Friday as it is currently trading at $24.07, above its previous 52-week high of $24.06 with 2.4 million shares traded as of 4:02 p.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Quanta Services has a market cap of $4.79 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 6.4% year to date as of the close of trading on Thursday.

Quanta Services, Inc. provides specialty contracting services primarily in North America. The company has a P/E ratio of 24.9, above the average materials & construction industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Quanta Services as a buy. 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, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Quanta Services Ratings Report.

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