Air Canada (TSE:AC) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Air Canada (TSE:AC)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$19.30 and traded as high as C$21.96. Air Canada shares last traded at C$21.33, with a volume of 2,127,367 shares.

Analyst Ratings Changes

Several research firms recently weighed in on AC. Royal Bank Of Canada dropped their price target on Air Canada from C$25.00 to C$22.00 in a report on Monday, April 13th. Jefferies Financial Group lifted their price target on Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce dropped their price target on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, National Bank Financial dropped their price target on Air Canada from C$25.00 to C$22.00 in a report on Thursday, April 2nd. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$23.39.

Air Canada Price Performance

The stock has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.02 and a beta of 2.08. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.06 and a current ratio of 0.60. The company has a fifty day simple moving average of C$19.36 and a two-hundred day simple moving average of C$19.22.

Air Canada (TSE:AC) last posted its quarterly earnings results on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%.The business had revenue of C$5.79 billion for the quarter. As a group, equities research analysts expect that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.