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Enter Symbol:
Rating: PWR

Quanta Services, Inc. (NYSE: PWR) downgraded to Hold by Stifel

Tuesday,  Jan 5, 2016  8:25 AM ET by Kristen Bailey

Stifel downgraded Quanta Services, Inc. (NYSE: PWR) to Hold. Stifel
rated Quanta Services, Inc. (NYSE: PWR) to Buy with price target $38 on 12/15/2014, when the price was $27.05.

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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