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

Air Canada (TSE:AC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$24.22.

AC has been the topic of a number of recent analyst reports. Citigroup set a C$25.00 price objective on Air Canada and gave the stock a "buy" rating in a research note on Monday, June 30th. Raymond James Financial reduced their price objective on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, May 6th. Scotiabank reduced their price objective on Air Canada from C$25.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. CIBC reduced their price objective on Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. Finally, Jefferies Financial Group lowered Air Canada from a "hold" rating to an "underperform" rating and reduced their price objective for the stock from C$18.00 to C$12.00 in a research note on Tuesday, April 1st.

Air Canada Price Performance

AC stock traded up C$0.84 during trading on Monday, hitting C$23.29. The company had a trading volume of 5,223,493 shares, compared to its average volume of 3,493,136. The company has a fifty day moving average price of C$19.06 and a two-hundred day moving average price of C$17.87. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The company has a market cap of C$8.31 billion, a P/E ratio of 3.28, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18.

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.