The firm lowered its earnings predictions to 37 cents per share from 50 cents per share to reflect the company's adjustments.
Shares of Mas Tec are higher by 2.31% to $32.80 on Tuesday showing a turnaround from Monday when the stock dropped 10.94%, resulting from the company's reduced guidance.
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Separately, TheStreet Ratings team rates MASTEC INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MASTEC INC (MTZ) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."