Aecon Group (AEGXF) Set to Post Quarterly Earnings on Thursday

Aecon Group (OTCMKTS:AEGXF) is expected to announce its results after the market closes on Thursday, October 29th. Analysts expect Aecon Group to announce earnings of $0.5130 per share and revenue of $1.24 billion for the quarter.

Aecon Group Stock Down 1.5%

OTCMKTS:AEGXF opened at $34.86 on Thursday. Aecon Group has a 1 year low of $17.43 and a 1 year high of $42.17. The stock has a 50-day simple moving average of $34.77 and a 200-day simple moving average of $34.28.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial upgraded shares of Aecon Group from an “outperform” rating to an “outperform” rating in a research note on Friday, July 3rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Aecon Group Company Profile

Aecon Group Inc is a Canadian construction and infrastructure development company headquartered in Toronto, Ontario. Through its construction operations, the company provides engineering, procurement and construction services for transportation, utilities, energy, industrial, mining and building projects.

Aecon works on major infrastructure assets, including roads, bridges, transit systems, airports, water and wastewater facilities, power-generation projects and telecommunications networks.