The stock of Air Canada (TSE:AC) is a huge mover today! About 949,323 shares traded hands. Air Canada (TSE:AC) has risen 55.34% since April 8, 2016 and is uptrending. It has outperformed by 50.36% the S&P500.
The move comes after 8 months negative chart setup for the $3.43B company. It was reported on Nov, 14 by Barchart.com. We have $11.49 PT which if reached, will make TSE:AC worth $308.70M less.
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. Air Canada has been the topic of 37 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Air Canada (TSE:AC) earned “Buy” rating by Canaccord Genuity on Tuesday, June 28. The stock of Air Canada (TSE:AC) has “Outperform” rating given on Friday, October 14 by National Bank Canada. The stock of Air Canada (TSE:AC) has “Outperform” rating given on Friday, November 6 by National Bank Canada. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, September 4. The company was downgraded on Thursday, August 13 by Scotia Capital. On Thursday, August 13 the stock rating was maintained by TD Securities with “Buy”. IBC maintained Air Canada (TSE:AC) on Thursday, August 13 with “Outperform” rating. The firm has “Top Pick” rating by RBC Capital Markets given on Tuesday, November 8. The rating was downgraded by Raymond James on Thursday, January 14 to “Underperform”. As per Thursday, August 13, the company rating was maintained by Canaccord Genuity.
More recent Air Canada (TSE:AC) news were published by: Theglobeandmail.com which released: “Air Canada reverses poppy ban after outcry from employees” on November 07, 2016. Also Cbc.ca published the news titled: “Air Canada ready for competition but opposes quick exemptions for rivals” on November 07, 2016. Business.Financialpost.com‘s news article titled: “Canada’s outstanding CEO of the year: Air Canada’s Calin Rovinescu” with publication date: November 01, 2016 was also an interesting one.
Air Canada is a domestic, United States transborder and international airline company. The company has a market cap of $3.43 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 3.78 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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