Air Canada Vote & VV (TSX: AC), the Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Turan Quettawala from Scotiabank rated Air Canada Vote & VV (TSX: AC) a Buy, setting a C$33 price target.
According to TipRanks.com, Quettawala is a 3-star analyst with an average return of 1.0% and a 59.1% success rate. Quettawala covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Railway, and Canadian Pacific.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Canada Vote & VV with a C$34.50 average price target, representing a 38.1% upside. In a report issued on October 30, Paradigm also maintained a Buy rating on the stock.
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Based on Air Canada Vote & VV’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$4.33 billion and GAAP net loss of C$77 million. In comparison, last year the company earned revenue of C$4.88 billion and had a net profit of C$1.79 billion.
Air Canada provides airline transportation services. The company engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia.
The company’s shares closed on Wednesday at C$24.98.
