Air Canada (TSE:AC - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$18.67 and traded as high as C$18.76. Air Canada shares last traded at C$18.52, with a volume of 1,812,639 shares traded.
Analyst Ratings Changes
A number of research analysts recently commented on AC shares. Raymond James Financial downgraded Air Canada from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 17th. Stifel Nicolaus increased their price target on Air Canada from C$24.00 to C$28.00 and gave the company a "buy" rating in a report on Tuesday, February 17th. Scotiabank downgraded Air Canada from an "outperform" rating to a "hold" rating and reduced their price target for the company from C$27.00 to C$21.00 in a report on Tuesday, March 10th. Royal Bank Of Canada cut their price target on shares of Air Canada from C$25.00 to C$22.00 in a report on Monday, April 13th. Finally, BMO Capital Markets cut their price target on shares of Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.69.
Read Our Latest Report on Air Canada
Air Canada Price Performance
The company has a 50 day simple moving average of C$18.67 and a 200-day simple moving average of C$18.90. The stock has a market cap of C$5.46 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.02 and a beta of 1.56. The company has a quick ratio of 1.06, a current ratio of 0.56 and a debt-to-equity ratio of 446.78.
Air Canada Company Profile
(
Get Free Report)
Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Air Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.
While Air Canada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
