Could Air Canada Rise Even More? The Stock Had Another Big Increase Today


 Could Air Canada Rise Even More? The Stock Had Another Big Increase Today

The stock of Air Canada (TSE:AC) is a huge mover today! About 1.03M shares traded hands. Air Canada (TSE:AC) has risen 57.26% since March 10, 2016 and is uptrending. It has outperformed by 51.65% the S&P500.
The move comes after 7 months positive chart setup for the $3.66 billion company. It was reported on Oct, 17 by We have $20.31 PT which if reached, will make TSE:AC worth $2.05 billion more.

Air Canada (TSE:AC) Ratings Coverage

Out of 8 analysts covering Air Canada (TSE:AC), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. $22 is the highest target while $8.25 is the lowest. The $14.57 average target is 11.90% above today’s ($13.02) stock price. Air Canada has been the topic of 32 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Raymond James on Thursday, January 14. The firm earned “Buy” rating on Tuesday, June 28 by Canaccord Genuity. Scotia Capital downgraded Air Canada (TSE:AC) rating on Thursday, August 13. Scotia Capital has “Outperform” rating and $14 price target. As per Friday, September 4, the company rating was maintained by Scotia Capital. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 13. The firm has “Outperform” rating given on Friday, October 14 by National Bank Canada. As per Thursday, August 13, the company rating was maintained by TD Securities. The rating was maintained by National Bank Canada on Friday, November 6 with “Outperform”. IBC maintained Air Canada (TSE:AC) on Thursday, August 13 with “Outperform” rating.

More notable recent Air Canada (TSE:AC) news were published by: which released: “Air Canada takeoff in Calgary aborted after engine problem” on October 08, 2016, also with their article: “Passengers furious as Air Canada strands travellers in Rio for 2 days” published on October 06, 2016, published: “Air Canada, WestJet ‘colluded’ to charge checked bag fee, proposed class …” on September 27, 2016. More interesting news about Air Canada (TSE:AC) were released by: and their article: “Air Canada Can Rise 50% And Fetches 3x Earnings” published on September 30, 2016 as well as‘s news article titled: “Why Air Canada’s shares are soaring – and why their ascent should continue” with publication date: October 12, 2016.

Air Canada is a domestic, United States transborder and international airline company. The company has a market cap of $3.66 billion. The Firm is a well-known provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. It has a 6.26 P/E ratio. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.

AC Company Profile

Associated Capital Group, Inc., incorporated on April 15, 2015, is the parent operating firm for the Spin-off of GAMCO Investors, Inc.’s (GAMCO’s) alternative investment management business, institutional research services operations, and certain cash and other assets. The Firm operates through the investment advisory and asset management business segment. The Firm conducts its investment advisory business principally through Gabelli Securities, Inc. (GSI). GSI and its subsidiary, Gabelli & Partners, LLC (Gabelli & Partners), collectively serve as general partners, co-general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts.

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