Air Canada Vote & VV (AC) Gets a Buy Rating from Scotiabank

By Ryan Adsit

Today, an analyst has provided a rating update for the Services sector company, Air Canada Vote & VV (ACResearch Report). Analyst Turan Quettawala from Scotiabank remains bullish on the stock and has a C$38 price target.

According to TipRanks.com, Quettawala is a 1-star analyst with an average return of -2.6% and a 47.9% success rate. Quettawala covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Pacific.

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Currently, the analyst consensus on Air Canada Vote & VV is a Strong Buy with an average price target of C$35.60.

Air Canada Vote & VV’s market cap is currently C$7.05B and has a P/E ratio of 2.8. The company has a Price to Book ratio of 1.55.

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 Thursday at C$24.85.