MasTec (NYSE) Delivers Strong Returns Over Five Years

October 01, 2024 04:19 AM PDT | By Team Kalkine Media

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MasTec (NYSE) Delivers Strong Returns Over Five Years — Image source: Shutterstock

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Headlines

Investing in individual stocks can significantly enhance wealth, as seen in the performance of MasTec, Inc., which has risen 90% over the past five years, surpassing market returns.

In the past year alone, MasTec has demonstrated substantial growth with a 76% increase in share price, reflecting strong recent momentum.

A deeper look into the company’s longer-term performance shows alignment with the progress of the underlying business, suggesting continued strength.

The simplest way to invest in stocks is through exchange traded funds, but selecting the right individual stocks can lead to greater wealth enhancement. MasTec, Inc. (NYSE:MTZ) has delivered a 90% increase in its share price over the last five years, outpacing overall market returns. In the past year, the stock has further risen by 76%, reflecting robust growth. Exploring MasTec’s long-term performance reveals that its growth aligns with the company’s business progress.

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