Aecon Group Inc. (OTCMKTS:AEGXF) Given Consensus Rating of “Hold” by Analysts

Aecon Group Inc. (OTCMKTS:AEGXF) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

AEGXF has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Aecon Group in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Aecon Group in a report on Thursday, April 30th. Raymond James Financial upgraded shares of Aecon Group from an “outperform” rating to an “outperform” rating in a research report on Friday, July 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Aecon Group in a research report on Wednesday, April 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Aecon Group in a research report on Thursday, April 30th.

Aecon Group Trading Up 2.6%

Shares of OTCMKTS:AEGXF opened at $38.31 on Monday. The firm’s 50 day simple moving average is $33.60 and its 200 day simple moving average is $30.57. Aecon Group has a fifty-two week low of $12.65 and a fifty-two week high of $41.95.

Aecon Group Company Profile

Aecon Group Inc, trading on the OTC market under the symbol AEGXF, is one of Canada’s leading publicly listed infrastructure development and construction companies. Headquartered in Toronto, Ontario, Aecon delivers services across a broad spectrum of sectors, including transportation, energy, mining, and urban development. Since its origins in the late 19th century, Aecon has grown through a series of mergers and strategic acquisitions into a full-service contractor capable of executing projects of varying complexity and scale.

The company’s core business is organized into three main segments: Infrastructure, Urban Development and Concessions, and Industrial.