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

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

AEGXF has been the subject of a number of analyst reports. TD Securities restated a “buy” rating on shares of Aecon Group in a research note on Thursday, April 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Aecon Group in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Aecon Group in a report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Aecon Group in a research report on Thursday, April 30th.

Aecon Group Trading Up 0.2%

Shares of Aecon Group stock opened at $40.45 on Wednesday. The firm’s 50-day simple moving average is $31.41 and its 200-day simple moving average is $25.60. Aecon Group has a twelve month low of $12.65 and a twelve month high of $40.82.

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.