Air Canada (TSE:AC) Stock Rating Upgraded by Raymond James

Air Canada (TSE:AC) was upgraded by Raymond James to a “moderate buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on AC. Canaccord Genuity Group raised their target price on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Cormark upped their target price on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday. TD Cowen raised their price target on shares of Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Scotiabank increased 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 note on Wednesday. Finally, Citigroup boosted their target price on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$26.50.

Air Canada Trading Up 0.6 %

Shares of AC stock opened at C$21.72 on Tuesday. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The firm has a market cap of C$7.79 billion, a P/E ratio of 4.85, a PEG ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The firm’s 50-day simple moving average is C$22.14 and its 200-day simple moving average is C$18.51.

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.