Aecon Group (OTCMKTS:AEGXF) Shares Climb 7% – What’s Next?

Shares of Aecon Group Inc. (OTCMKTS:AEGXF) traded up 7% during trading on Tuesday. The company traded as high as $38.81 and last traded at $38.81. 88,151 shares were traded during trading, an increase of 169% from the average daily volume of 32,757 shares. The stock had previously closed at $36.28.

Analyst Upgrades and Downgrades

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 research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Aecon Group Price Performance

The company’s 50 day moving average is $33.62 and its two-hundred day moving average is $33.29.

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.