Chorus Aviation (OTCMKTS:CHRRF) Trading 1.8% Higher – Still a Buy?

Chorus Aviation Inc. (OTCMKTS:CHRRF) shares shot up 1.8% during mid-day trading on Tuesday . The stock traded as high as $15.77 and last traded at $15.77. 1,037 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 1,140 shares. The stock had previously closed at $15.49.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank restated a “sector perform” rating on shares of Chorus Aviation in a report on Monday, November 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of Chorus Aviation in a research report on Monday, November 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Chorus Aviation in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Chorus Aviation Price Performance

The company’s 50-day moving average is $15.63 and its 200 day moving average is $15.75.

About Chorus Aviation

Chorus Aviation Inc is a Canadian-based aviation services company that operates a diversified portfolio of regional airline, aircraft leasing and flight training businesses. The company’s principal airline subsidiary, Jazz Aviation LP, provides regional flight services under capacity purchase agreements with major North American carriers, operating a fleet of turboprop and regional jet aircraft across a network of domestic and cross-border routes.

In addition to its passenger services, Chorus Aviation maintains a charter and cargo division that supports ad hoc freight transport and special-mission operations.