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A report released today by Stifel about Quanta Services (NYSE:PWR) ups the target price to $32.50

Yesterday Quanta Services (NYSE:PWR) traded 0.89% higher at $25.94. The company’s 50-day moving average is $25.47 and its 200-day moving average is $23.92. The last closing price is up 8.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,614,049 shares of the stock were exchanged, down from an average trading volume of 2,032,120

Quanta Services (NYSE:PWR) had its target price raised to $32.50 by Stifel in a report released Friday September 23, 2016. The new target price indicates a possible upside of 0.25% based on the company's last closing price.

See Chart Below

Quanta Services (NYSE:PWR)

Quanta Services has a one year low of $16.77 and a one year high of $27.05 with a PE ratio of 17.53 Quanta Services’s market capitalization is currently $0.

In addition to Stifel reporting its price target, a total of 17 analysts have issued a ratings update on Quanta Services. The 12-month price target is $26.29 with six analysts rating the company a strong buy, 7 firms rating the stock a buy, 6 brokers rating the stock a hold, 0 analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Quanta Services (NYSE:PWR)

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. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.

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