Air Canada (TSE:AC) Given Average Recommendation of “Moderate Buy” by Analysts

Air Canada (TSE:AC – Get Rating) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$28.81.

A number of research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Air Canada from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 16th. ATB Capital lifted their price objective on shares of Air Canada from C$31.00 to C$38.00 in a research note on Friday, May 5th. Veritas Investment Research restated a “reduce” rating on shares of Air Canada in a research note on Tuesday, May 16th. TD Securities dropped their price target on shares of Air Canada from C$28.00 to C$26.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. Finally, Citigroup boosted their price target on shares of Air Canada from C$25.00 to C$26.00 in a research note on Friday, May 19th.

Air Canada Price Performance

Shares of TSE:AC opened at C$21.46 on Wednesday. The company’s fifty day moving average price is C$19.40 and its 200 day moving average price is C$19.96. Air Canada has a 12 month low of C$15.57 and a 12 month high of C$23.54. The company has a debt-to-equity ratio of 183,588.89, a current ratio of 0.99 and a quick ratio of 1.06. The firm has a market capitalization of C$7.69 billion, a P/E ratio of -4.40, a P/E/G ratio of 0.02 and a beta of 2.42.

About Air Canada

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.