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

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

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

Aecon Group Stock Performance

OTCMKTS:AEGXF opened at $34.41 on Monday. The firm’s 50 day simple moving average is $33.86 and its 200 day simple moving average is $30.14. Aecon Group has a one year low of $12.65 and a one year high of $41.95.

About Aecon Group

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.