MasTec, Inc. Buyback
OLI recorded this information on 3/19/2020
Company:
MasTec, Inc.
Buyback:
MTZ buyback
$Amount Authorized:
$150,000,000
Buyback Details:
MasTec, Inc. (NYSE: MTZ) today announced that its Board of Directors has authorized the repurchase of up to $150 million of MasTec common stock. This authorization is in addition to $129 million in open share repurchase authorization plans as of December 31, 2019, under which to date, MasTec has completed share repurchases approximating $110 million during the first quarter of 2020.
MasTec is an infrastructure construction company operating mainly throughout North America across a range of industries. Co.'s operating segments include: Communications, which performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure; Clean Energy and Infrastructure, which primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources; and Oil and Gas, which performs engineering, construction and maintenance services for pipelines and processing facilities for the energy and utilities industries.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: MTZ Stock Forecast Based on Zacks ABR data; powered by Xignite |
