Stock of the week: “Air Canada”

Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger, and cargo services, serving more than two hundred airports on six continents. It operates through the following geographical segments: Canada, U.S. Transborder, Atlantic, Pacific, and Other.
Air Canada announced on November 14 that it has launched a cash tender offer for up to US$300 million aggregate principal amount of its 4.0% convertible senior bills due 2025. In addition, revenues reached US$5.322 billion for the quarter, an increase of 153% over the same quarter last year. Such a strong increase in revenues was not expected by the analysts.

• Financial social media sentiment is “positive” in both absolute and relative terms – on its own and when compared to the sentiment of the sector and the sentiment of the stock index.

• Analysts’ consensus rating is “buy” - out of the 16 bank analysts covering the company, 13 recommend buying the stock, and 3 recommend holding it. The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 41.37% (reference close of business 14/11/2022).

• Attention buzz is currently “low”.

Source:

https://www.lelezard.com/communique-20656876.html

https://www.lesaffaires.com/bourse/analyses-de-titres/a-surveiller-apple-air-canada-et-aecon-group/637224/2