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Air Canada (TSE:AC) Stock: Canaccord Genuity Initiates Coverage with Buy Outlook

Canaccord Adams Analyst Rating Change Air Canada TSE:AC

Air Canada (TSE:AC) Price Target & New Coverage by Canaccord Genuity

Investment analysts at Canaccord Genuity has Buy rating on Air Canada (TSE:AC). The firm has begun coverage in analysts report revealed to investors on Tuesday morning. Canaccord Genuity’s target price would indicate upside of 54.39 % from the company’s last stock price.

TSE:AC Price Chart & Trend

The stock price of Air Canada decreased 30.43% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Air Canada is down 4.16% and up 17.23%, respectively. Our stocks momentum model is shown on the price chart below.Air Canada (TSE:AC) Stock: Canaccord Genuity Initiates Coverage with Buy Outlook

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

AC Stock Chart

Air Canada (TSE:AC) Profile

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. 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.

Air Canada (TSE:AC) traded up 1.45% on 28 June, hitting $8.42. A total of 1.89M shares of the company’s stock traded hands. This is up from average of 1.26M shares. Air Canada has a 52 week low of $6.81 and a 52 week high of $13.68. The company has a market cap of $2.15B and a P/E ratio of 3.48.

Get the latest Air Canada (TSE:AC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Air Canada (TSE:AC) Stock: Canaccord Genuity Initiates Coverage with Buy Outlook appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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