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Dycom Industries, Inc. 15.1% Potential Upside Now Implied by Canaccord Genuity

Dycom Industries, Inc. using SYMBOL/TICKER code NYSE:DY has had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘BUY’ yesterday by research analysts at Canaccord Genuity. Dycom Industries, Inc. are listed in the Basic Industries sector within NYSE. Canaccord Genuity have set their target price at 75 USD on its stock. This indicates the analyst believes there is a potential upside of 15.1% from the opening price of 65.14 USD.

 

Dycom Industries, Inc. NYSE:DY has a 50 day moving average of 60.72 USD and a 200 day moving average of 71.28 USD. The 1 year high for the stock price is 90.82 USD while the year low stock price is currently 45.45 USD. Over the last 30 and 90 trading days the company share price has increased 7.75 points and decreased 18.2 points respectively. There are currently 33,037,958 shares in issue with the average daily volume traded being 641,722. Market capitalisation for NYSE:DY is $2,242,286,300.00 USD.

 

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities.

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