Air Canada (TSE:AC) had its price target lowered by stock analysts at Canaccord Genuity from C$15.00 to C$14.00 in a note issued to investors on Wednesday, Market Beat.com reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 80.88% from the company’s current price.

Air Canada (TSE:AC) opened at 7.74 on Wednesday. The company’s market capitalization is $2188.73 billion. The firm’s 50-day moving average is $9.23 and its 200 day moving average is $10.90. Air Canada has a one year low of $6.99 and a one year high of $15.09.

Other research analysts have also issued research reports about the company. RBC Capital lifted their price target on Air Canada from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Raymond James lifted their price target on Air Canada from C$11.00 to C$12.00 and gave the stock a “market perform” rating in a report on Friday, November 6th. CIBC lifted their price target on Air Canada from C$17.00 to C$18.00 in a report on Friday, November 6th. National Bank Financial reiterated an “outperform” rating and set a C$15.00 price target on shares of Air Canada in a report on Friday, November 6th. Finally, TD Securities upgraded Air Canada from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from C$21.00 to C$23.00 in a report on Friday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Air Canada currently has an average rating of “Buy” and a consensus target price of C$16.25.

Air Canada is a domestic, the United States trans-border and international airline and provider of scheduled passenger services in the Canadian market, the Canada-United States trans-border market and in the international market to and from Canada. Together with its Air Canada Express regional partners, Air Canada serves close to 35 million passengers annually and provides direct passenger service to more than 175 destinations on five continents. Air Canada is a founding member of Star Alliance. Air Canada’s new leisure airline, Air Canada rouge, (TSE:AC) serves popular holiday destinations in Europe, the Caribbean and Central America and is expanding to a total of 10 European destinations. Air Canada’s five new Boeing 777-300ER aircraft entered service, after Air Canada’s Premium Economy cabin was inaugurated on Montreal-Paris flights. Air Canada offers array of services from its mobile platform, enabling customers to seamlessly manage their travel from mobile device.

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