San Diego, CA -- (SBWIRE) -- 10/24/2023 -- MasTec, Inc. are under investigation over potential securities laws violations in connection with certain financial statements.

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 focuses on whether a series of statements by MasTec, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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. 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 $60.85 per share on October 23, 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 The Shareholders Foundation
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.