Air Canada (AC.TO) (TSE:AC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 3290043 shares changing hands. The stock had previously closed at C$23.13.

Several research analysts recently commented on AC shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Air Canada (AC.TO) from C$17.00 to C$21.00 in a research report on Wednesday, November 11th. Scotiabank dropped their target price on Air Canada (AC.TO) from C$30.00 to C$29.00 in a report on Thursday, December 31st. Cormark boosted their target price on Air Canada (AC.TO) from C$22.00 to C$25.00 in a research report on Friday, December 18th. ATB Capital raised their price target on Air Canada (AC.TO) from C$26.00 to C$27.50 in a research report on Tuesday, November 10th. Finally, Citigroup boosted their price objective on shares of Air Canada (AC.TO) from C$16.00 to C$17.00 in a research report on Thursday, September 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$29.18.

The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 767.46. The business has a 50 day simple moving average of C$24.17 and a two-hundred day simple moving average of C$18.75. The firm has a market cap of C$6.81 billion and a PE ratio of -1.89.

Air Canada (AC.TO) (TSE:AC) last issued its earnings results on Monday, November 9th. The company reported C($2.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($2.11) by C($0.20). The firm had revenue of C$757.00 million for the quarter, compared to analysts’ expectations of C$1.10 billion. Equities analysts forecast that Air Canada will post -2.8800001 earnings per share for the current year.

In other news, Senior Officer Chris Isford sold 17,661 shares of the stock in a transaction on Wednesday, November 25th. The stock was sold at an average price of C$23.50, for a total transaction of C$415,033.50. Following the transaction, the insider now owns 25,595 shares of the company’s stock, valued at approximately C$601,482.50. Also, Senior Officer Mark Galardo sold 3,435 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of C$19.98, for a total value of C$68,627.52. Following the transaction, the insider now owns 145 shares in the company, valued at approximately C$2,896.94.

About Air Canada (AC.TO) (TSE:AC)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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