Air Canada (TSE:AC) Senior Officer Arielle Meloul-Wechsler Sells 6,000 Shares

Air Canada (TSE:AC) Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80.

Air Canada Trading Up 0.5 %

Air Canada stock opened at C$22.06 on Tuesday. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The business’s fifty day moving average is C$22.25 and its 200 day moving average is C$18.53. The stock has a market capitalization of C$7.91 billion, a PE ratio of 4.92, 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 current ratio of 0.85 and a quick ratio of 1.06.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cormark raised their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. TD Cowen boosted their target price on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. Jefferies Financial Group boosted their price objective on shares of Air Canada from C$18.00 to C$22.00 in a research note on Tuesday, November 5th. Finally, National Bankshares raised their target price on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$26.67.

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.