Air Canada (TSE:AC) Given Average Rating of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of Air Canada (TSE:AC – Get Free Report) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$26.67.

AC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Cormark increased their price target on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. BMO Capital Markets upped their price objective on Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. Finally, Raymond James raised Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th.

Check Out Our Latest Report on AC

Air Canada Trading Up 0.8 %

Shares of TSE:AC opened at C$22.24 on Thursday. The stock has a 50 day moving average of C$22.54 and a 200 day moving average of C$18.61. The company has a market cap of C$7.97 billion, a PE ratio of 4.96, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Insiders own 0.14% of the company’s stock.

Air Canada Company Profile

(Get Free Report

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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