Air Canada (TSE:AC) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Shares of Air Canada (TSE:AC - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$15.80 and traded as high as C$17.42. Air Canada shares last traded at C$17.15, with a volume of 2,299,502 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AC. ATB Capital decreased their target price on Air Canada from C$27.00 to C$26.50 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a report on Tuesday, July 23rd. Citigroup boosted their target price on shares of Air Canada from C$20.00 to C$21.00 and gave the company a "buy" rating in a research note on Tuesday. National Bankshares decreased their price target on shares of Air Canada from C$24.00 to C$22.00 and set an "outperform" rating for the company in a research note on Wednesday, September 25th. Finally, TD Securities dropped their price objective on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$23.98.

Air Canada Price Performance

The business has a fifty day moving average price of C$15.80 and a 200-day moving average price of C$17.43. The stock has a market capitalization of C$6.18 billion, a PE ratio of 3.85, a PEG ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

Air Canada (TSE:AC - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating analysts' consensus estimates of C$0.85 by C$0.13. The company had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. Research analysts expect that Air Canada will post 2.5789474 EPS for the current fiscal year.

Insider Activity at Air Canada

In related news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by corporate insiders.

Air Canada Company Profile

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.