Air Canada Vote & VV (AC) Received its Third Buy in a Row


Analysts seem to be feeling optimistic about Air Canada Vote & VV (AC) lately, with several positive ratings in a row that it received in the past month alone. The company received a Buy today from BMO Capital’s analyst Fadi Chamoun, with a C$42 price target.

According to TipRanks.com, Chamoun is a top 100 analyst with an average return of 15.8% and a 79.2% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, WestJet Airlines Ltd, and Canadian Railway.

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Currently, the analyst consensus on Air Canada Vote & VV is a Strong Buy with an average price target of C$38.57, which is a 39.4% upside from current levels. In a report issued on January 3, Scotiabank also reiterated a Buy rating on the stock with a C$38 price target.

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The company has a one-year high of C$29.39 and a one-year low of C$20.33. Currently, Air Canada Vote & VV has an average volume of 1.32M.

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 Monday at C$27.66.