An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at MasTec, Inc.

Investors who purchased shares of MasTec, Inc. (NYSE: MTZ) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain MasTec, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Coral Gables, FL based MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. MasTec, Inc. reported that its annual Total Revenue rose from over $7.95 billion in 2021 to over $9.77 billion in 2022, and that its Net Income declined from $328.83 million in 2021 to $33.35 million in 2022.

On August 3, 2023, MasTec, Inc. announced it missed its estimates for the second quarter of 2023. The Company also revised downwards its 2023 guidance, blaming slowdowns in its communications margins for the revision. Analysts critiqued the Company for its "over-promise, under-deliver halo" concerning overly optimistic guidances which fail to materialize.

Shares of MasTec, Inc. (NYSE: MTZ) declined from $123.33 per share on July 03, 2023, to as low as $62.60 per share on October 13, 2023.

Those who purchased shares of MasTec, Inc. (NYSE: MTZ) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.