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Rating: PWR

Quanta Services, Inc. (NYSE: PWR) downgraded to Hold by BB&T Capital Mkts

Friday,  Oct 2, 2015  10:25 AM ET by Lynn Gilbert

BB&T Capital Mkts downgraded Quanta Services, Inc. (NYSE: PWR) to Hold.
Previously, BB&T Capital Mkts rated Quanta Services, Inc. (NYSE: PWR) to Buy on 02/04/2015, when the stock price was valued at $28.76.

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.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.

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