Air Canada (TSE:AC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.35 and traded as high as C$19.42. Air Canada shares last traded at C$17.75, with a volume of 7,158,971 shares changing hands.
Analyst Ratings Changes
Several analysts recently weighed in on AC shares. Stifel Nicolaus lifted their price objective on shares of Air Canada from C$25.50 to C$28.00 and gave the company a "buy" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on shares of Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Scotiabank lifted their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. TD Cowen lifted their price objective on shares of Air Canada to C$25.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, ATB Capital lifted their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$26.60.
Check Out Our Latest Stock Analysis on AC
Air Canada Price Performance
The company's 50 day moving average price is C$20.99 and its 200-day moving average price is C$19.37. The company has a market cap of C$6.22 billion, a price-to-earnings ratio of 2.46, a PEG ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92.
Insider Transactions at Air Canada
In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Corporate insiders own 0.14% of the company's stock.
Air Canada Company Profile
(
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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.
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