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

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

AC has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday. Citigroup raised their price target on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their price target on Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. CIBC raised their target price on shares of Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Finally, ATB Capital boosted their target price on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.50.

Air Canada Stock Up 0.6 %

TSE:AC opened at C$21.72 on Tuesday. The stock has a 50-day simple moving average of C$22.14 and a 200 day simple moving average of C$18.51. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The company has a market capitalization of C$7.79 billion, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85.

About Air Canada

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.