The stock of Air Canada (TSE:AC) is a huge mover today! About 1.83 million shares traded hands. Air Canada (TSE:AC) has risen 44.14% since March 29, 2016 and is uptrending. It has outperformed by 41.62% the S&P500.
The move comes after 9 months negative chart setup for the $3.34 billion company. It was reported on Nov, 2 by Barchart.com. We have $11.12 PT which if reached, will make TSE:AC worth $300.60 million less.
Air Canada (TSE:AC) Ratings Coverage
Out of 7 analysts covering Air Canada (TSE:AC), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Air Canada has been the topic of 33 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Scotia Capital on Thursday, August 13. The rating was initiated by Canaccord Genuity with “Buy” on Tuesday, June 28. The firm has “Sector Perform” rating by Scotia Capital given on Friday, September 4. The firm has “Buy” rating given on Thursday, August 13 by Canaccord Genuity. National Bank Canada maintained it with “Outperform” rating and $15 target price in Friday, November 6 report. The rating was maintained by TD Securities with “Buy” on Thursday, August 13. The stock of Air Canada (TSE:AC) has “Underperform” rating given on Thursday, January 14 by Raymond James. National Bank Canada maintained the stock with “Outperform” rating in Friday, October 14 report. On Thursday, August 13 the stock rating was maintained by IBC with “Outperform”.
More notable recent Air Canada (TSE:AC) news were published by: Fool.ca which released: “Air Canada: Why Is This Stock Soaring Again?” on November 02, 2016, also Business.Financialpost.com with their article: “Air Canada’s growth strategy looks like it’s finally set to pay off” published on November 01, 2016, Cnbc.com published: “Investing legend Julian Robertson likes Microsoft, Air Canada” on October 26, 2016. More interesting news about Air Canada (TSE:AC) were released by: Economictimes.Indiatimes.com and their article: “Air Canada commences Vancouver-Delhi services” published on October 21, 2016 as well as Stockhouse.com‘s news article titled: “Air Canada enRoute Film Festival reveals 10th Anniversary Festival Finalists” with publication date: November 02, 2016.
Air Canada is a domestic, United States transborder and international airline company. The company has a market cap of $3.34 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 5.88 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.
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