Air Canada Vote & VV (AC) Receives a Buy from Canaccord Genuity


Air Canada Vote & VV (AC) has received a rating update from a Wall Street analyst today. Analyst Doug Taylor from Canaccord Genuity rated Air Canada Vote & VV (AC) a Buy, setting a C$40 price target.

Taylor has an average return of 56.5% when recommending Air Canada Vote & VV.

According to TipRanks.com, Taylor is ranked #3509 out of 5129 analysts.

Currently, the analyst consensus on Air Canada Vote & VV is a Strong Buy with an average price target of C$38, implying a 33.5% upside from current levels. In a report issued on January 14, BMO Capital also maintained a Buy rating on the stock with a C$42 price target.

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Based on Air Canada Vote & VV’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$5.42 billion and net profit of C$645 million. In comparison, last year the company earned revenue of C$3.82 billion and had a GAAP net loss of C$11 million.

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$28.47, close to its 52-week high of C$29.39.

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