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MasTec (MTZ) in Focus: Stock Tumbles 9.5% - Tale of the Tape

MasTec, Inc. ( MTZ ) saw a big move last session, as the company's shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for AVID, as the stock is down over 19% in the past one month time frame.

The slump shouldn't be too much of a surprise to investors, as the Construction company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

MTZ currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Building and Construction industry is Dycom Industries Inc. ( DY ), which currently carries a Zacks Rank #1 (Strong Buy).

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MASTEC INC (MTZ): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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