Hochtief: Thumbs up for Turner, retain Buy on HOT, PO to €605

Research evidence excerpt

Hochtief: Thumbs up for Turner, retain Buy on HOT, PO to €605

ty and

MasTec communications infrastructure, including electrical utility transmission and distribution, wind farms, solar farms, renewable energy and natural gas infrastructure, wireless,

and wireline.

MYR Group Inc. contracts electrical infrastructure projects. The Company maintains a fleet of specialized transmission and distribution equipment. MYR Group serves

MYR

commercial and industrial markets in the United States.

Quanta Services, Inc. provides specialized contracting services to electric utilities, telecommunication, cable television operators, and governmental entities. The Company

Quanta Services also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers.

Quanta operates projects throughout North America.

AU peers

Ventia Services Group Pty Limited provides infrastructure services. The Company offers asset management, capital works, operations and maintenance, network design,

Ventia

architecture, facility management, and environmental services. Ventia Services Group serves customers in Australia and New Zealand.

Downer EDI Limited provides engineering and infrastructure management services to the public and private rail, road, power, telecommunications, mining and resources

Downer EDI sectors in Australia, New Zealand, Asia and the Pacific. Downer provides rolling stock services, drilling services for the exploration industry, mine planning and management

services and highway maintenance.

Monadelphous Group Limited provides engineering and construction services to the resources and petrochemical industries. The Company provides mining and processing