Quanta Services, Inc. (NYSE: PWR) reiterated to Outperform with price target $29 by FBR Capital
FBR Capital reiterated Quanta Services, Inc. (NYSE: PWR) to Outperform with price target $29. Previously FBR Capital reiterated Quanta Services, Inc. (NYSE: PWR) to Outperform with
price target $42 on 02/21/2014, when the stock price was $34.50. Since then, Quanta Services, Inc.'s stock price has lost 30% as of 08/10/2015's recent price of $24.31. If you would have followed the previous FBR Capital's recommendation on PWR, you would have lost 30% of your investment in 535 days.
Quanta Services, Inc.
(Quanta) is a provider of specialty contracting services. The Company operates in two reportable business segments: the infrastructure services and the dark fiber segment. The infrastructure services segment provides specialized contracting services, offering end-to-end network solutions to the electric power, gas, telecommunications and cable television industries. The dark fiber segment designs, procures, constructs and maintains fiber-optic telecommunications infrastructure in select markets, and licenses the right to use point-to-point fiber-optic telecommunications facilities to customers. In July 2008, it acquired a helicopter-assisted transmission line installation, maintenance and repair services company. In November 2008, it acquired two affiliated professional telecommunications engineering companies. In October 2009, the Company acquired Price Gregory Services, Incorporated.
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