The year 2016 provided positive results for the utility and communication construction sectors. Focus on U.S. infrastructure is at historic levels, profitability has improved and valuations have risen. The transmission and distribution of power and gas continue to receive increased investment, water and sewer investment is on the rise and the fiber market continues build-out to meet user demand. Thus, stock prices for the utility and communications construction segment have performed very well. We have produced an index of the publicly traded players with underground construction operations across the energy and communications segments to review historical activity and current expectations.
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