Air Canada (TSE:AC) Given Average Rating of "Moderate Buy" by Analysts

Shares of Air Canada (TSE:AC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$24.22.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Air Canada from a "hold" rating to an "underperform" rating and decreased their target price for the company from C$18.00 to C$12.00 in a research note on Tuesday, April 1st. Citigroup set a C$25.00 price target on Air Canada and gave the company a "buy" rating in a report on Monday, June 30th. Stifel Nicolaus raised their price target on Air Canada from C$22.00 to C$23.00 in a report on Monday, May 12th. Canaccord Genuity Group raised their price target on Air Canada from C$24.00 to C$27.00 in a report on Monday, May 12th. Finally, BMO Capital Markets cut their price target on Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd.

Air Canada Stock Up 0.3%

Shares of AC traded up C$0.06 on Monday, hitting C$22.45. The company's stock had a trading volume of 2,570,618 shares, compared to its average volume of 3,479,927. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The firm's fifty day moving average price is C$18.70 and its 200-day moving average price is C$17.83. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18. The firm has a market capitalization of C$8.01 billion, a price-to-earnings ratio of 3.16, a P/E/G ratio of 0.02 and a beta of 2.39.

About Air Canada

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.