Air Canada (TSE:AC) Shares Pass Below 200-Day Moving Average of $17.43

Share on StockTwits

Air Canada (TSE:AC) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.43 and traded as low as $15.32. Air Canada shares last traded at $15.95, with a volume of 4,081,842 shares.

A number of research firms have issued reports on AC. Canaccord Genuity cut their price objective on shares of Air Canada from C$24.00 to C$23.00 in a report on Tuesday, August 4th. Scotiabank boosted their price target on shares of Air Canada from C$23.00 to C$24.00 in a report on Tuesday, August 4th. ATB Capital cut their price target on shares of Air Canada from C$37.00 to C$31.00 in a report on Tuesday, August 4th. CIBC cut their price target on shares of Air Canada from C$23.00 to C$22.00 in a report on Tuesday, August 4th. Finally, TD Securities boosted their price objective on Air Canada from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Air Canada has an average rating of “Hold” and a consensus price target of C$26.62.

The firm has a market capitalization of $4.63 billion and a PE ratio of -2.07. The company has a debt-to-equity ratio of 669.80, a current ratio of 1.17 and a quick ratio of 1.11. The firm has a 50-day simple moving average of C$17.15 and a 200-day simple moving average of C$17.34.

Air Canada (TSE:AC) last announced its earnings results on Friday, July 31st. The company reported C($6.28) earnings per share (EPS) for the quarter, missing the consensus estimate of C($3.73) by C($2.55). The business had revenue of C$527.00 million during the quarter, compared to analyst estimates of C$412.66 million. Equities analysts expect that Air Canada will post -0.95 earnings per share for the current year.

Air Canada Company Profile (TSE:AC)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

Featured Story: Capital Gains

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply