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A statement released earlier today by Zacks Investment Research about Dycom Industries, Inc. (NYSE:DY) ups the target price to $121.00

Yesterday Dycom Industries, Inc. (NYSE:DY) traded -0.19% lower at $106.43. DY’s 50-day moving average is $100.76 and its 200-day moving average is $86.90. The last stock close price is up 23.98% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same time period. 323,825 shares of the stock traded hands, down from an average trading volume of 631,578

Reporting a possible upside of 0.14%, Zacks Investment Research increased the target price of Dycom Industries, Inc. (NYSE:DY) to $121.00

See Chart Below

Dycom Industries, Inc. (NYSE:DY)

Dycom Industries, Inc. has a 52 week low of $67.43 and a 52 week high of $109.97 with a PE ratio of 22.16 Dycom Industries, Inc.’s market capitalization is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $91.00 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Dycom Industries, Inc. (NYSE:DY)

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. The Company provides the labor, tools and equipment necessary to design, engineer, locate, maintain, expand, install and upgrade the telecommunications infrastructure of its customers. The Company also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services. The Company's subsidiaries include CertusView Technologies, LLC and Dycom Investments, Inc.

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