Quanta Services (PWR) Receives Coverage Optimism Score of 0.23

News coverage about Quanta Services (NYSE:PWR) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quanta Services earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 45.6969652567763 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several equities analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating on shares of Quanta Services in a research note on Thursday, December 14th. Zacks Investment Research downgraded Quanta Services from a “hold” rating to a “sell” rating in a report on Monday, October 9th. KeyCorp restated a “buy” rating and set a $46.00 price objective on shares of Quanta Services in a report on Wednesday, November 29th. Robert W. Baird restated a “hold” rating and set a $39.00 price objective on shares of Quanta Services in a report on Friday, October 6th. Finally, ValuEngine downgraded Quanta Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.64.

Quanta Services (NYSE PWR) traded up $0.09 during midday trading on Tuesday, hitting $39.50. The stock had a trading volume of 476,362 shares, compared to its average volume of 1,558,211. The company has a market capitalization of $6,100.00, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. Quanta Services has a 52-week low of $30.23 and a 52-week high of $39.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. equities analysts expect that Quanta Services will post 1.77 EPS for the current year.

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About Quanta Services

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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