ValuEngine Upgrade MasTec Inc is a STRONG BUY

For today’s bulletin, we take a look at our latest BUY and STRONG BUY upgrades and focus on our top upgrade for the day, MasTec Inc $MTZ. We also provide a link to download a FREE STOCK REPORT on the company

VALUATION: Overvalued stocks now make up 57.43% of our stocks assigned a valuation and 20.17% of those equities are calculated to be overvalued by 20% or more. Twelve sectors are calculated to be overvalued.

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For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Mastec Inc (MTZ) is our top-rated upgrade this week and it is a STRONG BUY. Applied Optoelectronics (AAOI) is also also a STRONG BUY stocks. The other picks this week–TransAct Technologies (TACT), Protein Design Labs Biopharma (PDLI), and Greenlight Capital (GLRE) are BUY-rated stocks.

Ticker Company Name Market Price Valuation Last 12-M Return 1-M Forecast Return 1-Yr Forecast Return P/E Ratio Sector Name
MTZ MASTEC INC 42.85 -10.94% 75.83% 1.11% 13.29% 14.38 Construction
AAOI APPLIED OPTOELE 64.6 -19.78% 403.90% 1.06% 12.77% 16.58 Computer and Technology
TACT TRANSACT TECH 9.2 -5.90% 21.53% 0.60% 7.24% 16.53 Computer and Technology
PDLI PDL BIOPHARMA 2.39 -10.18% -32.49% 0.58% 6.99% 5.56 Medical
GLRE GREENLIGHT CAP 22.75 -9.69% 14.21% 0.51% 6.16% 16.21 Finance

For today’s bulletin, we take a look at our top-ranked STRONG BUY upgrade, MasTec Inc (MTZ). MasTec Inc is one of the largest providers of construction services to the telecommunications industry in the United States. The Company’s principal business consists of the installation and maintenance of aerial, underground and buried copper and fiber optic cable, underground conduit, manhole systems and relatessed construction for local telephone companies, including Regional Bell Operating Companies such as BellSouth Telecommunications, Inc., U.S. West, Inc. and SBC Communications, Inc., and non-Bell local telephone companies such as Sprint Corp., and GTE Corp.

MasTec reported Q2 2017 earnigns last week and the results were impressive. The company reported revenue of $1.89 billion, a 53% increase in revenue compared with $1.23 billion for the same period last year, exceeding the Company’s previously announced second quarter 2017 expectation by $390 million. COmpany CFO George Pita said that MasTec “significantly exceeded our second quarter expectations in our Oil & Gas segment, including acceleration of some second half 2017 project activity, and are pleased to be in the position of increasing our 2017 guidance to new record levels.”

Jose Mas, MasTec’s Chief Executive Officer, noted that the

second quarter performance significantly exceeded our expectations primarily due to record levels of Oil & Gas project activity, with segment revenues at $1.1 billion, a 168% increase over last year’s second quarter level. Our current performance, coupled with significant opportunities for future growth across all of our segments, position us well for continued long-term growth.

Below is our latest data for MasTec Inc (MTZ):

ValuEngine updated its recommendation from BUY to STRONG BUY for MasTec Inc on 2017-08-04. Based on the information we have gathered and our resulting research, we feel that MasTec Inc INC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and P/E Ratio.

You can download a free copy of detailed report on Mastec Inc (MTZ) from the link below.

ValuEngine Forecast
1-Month 43.32 1.11%
3-Month 41.92 -2.16%
6-Month 42.27 -1.35%
1-Year 48.55 13.29%
2-Year 40.29 -5.97%
3-Year 37.52 -12.43%
Valuation & Rankings
Valuation 10.94% undervalued Valuation Rank(?) 74
1-M Forecast Return 1.11% 1-M Forecast Return Rank 99
12-M Return 75.83% Momentum Rank(?) 93
Sharpe Ratio 0.59 Sharpe Ratio Rank(?) 78
5-Y Avg Annual Return 21.26% 5-Y Avg Annual Rtn Rank 88
Volatility 35.74% Volatility Rank(?) 45
Expected EPS Growth -29.75% EPS Growth Rank(?) 7
Market Cap (billions) 3.51 Size Rank 78
Trailing P/E Ratio 14.38 Trailing P/E Rank(?) 81
Forward P/E Ratio 20.47 Forward P/E Ratio Rank 33
PEG Ratio n/a PEG Ratio Rank n/a
Price/Sales 0.66 Price/Sales Rank(?) 79
Market/Book 3.05 Market/Book Rank(?) 40
Beta 1.41 Beta Rank 22
Alpha 0.46 Alpha Rank 93


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