Topic: How To Invest

Q: What are the prospects for MasTec Inc.? Thank you.

Article Excerpt

A: MasTec Inc., $100.90, symbol MTZ on New York (Shares outstanding: 78.2 million; Market cap: $8.0 billion; Manufacturing & Industry sector; TSINetwork Rating: Average;, is a leading infrastructure construction company operating mainly throughout North America and across a range of industries. The business’s primary activities include the engineering, installation, maintenance and upgrade of communications, energy, utility and other infrastructure. That includes wireless and wireline/fibre infrastructure, and customer fulfillment activities. It also extends to petroleum and natural gas pipeline infrastructure. Examples of projects MasTec was responsible for completing include the 1,172-mile Dakota Access Pipeline between North Dakota and Illinois. Currently, it’s working on the Enbridge Line 3 oil pipeline replacement line from Alberta to Wisconsin. Mastec has grown with some key acquisitions in recent years. In May 2021, the company acquired INTREN LLC, a specialty contractor operating in the utilities sector. MasTec paid $420 million in cash. Based in Illinois, INTREN was founded in 1988. INTREN provides electrical distribution network services to some of the…