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Air Canada ( (TSE:AC) ) has shared an update.
Air Canada announced the repayment of US$274.2 million in convertible senior notes, due in July 2025, totaling approximately US$279.6 million with accrued interest. This move, along with a recent C$500 million issuer bid, aligns with Air Canada’s strategy to reduce its share count below 300 million by 2028, aiming to create shareholder value and support growth through a balanced capital allocation approach.
The most recent analyst rating on (TSE:AC) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Air Canada stock, see the TSE:AC Stock Forecast page.
Spark’s Take on TSE:AC Stock
According to Spark, TipRanks’ AI Analyst, TSE:AC is a Outperform.
Air Canada’s overall stock score is driven by strong financial performance and valuation, reflecting a positive recovery trajectory post-pandemic. Technical analysis indicates bullish momentum, although the RSI suggests caution. The cautious guidance from the earnings call tempers expectations, but strategic initiatives and cost management provide a positive outlook.
To see Spark’s full report on TSE:AC stock, click here.
More about Air Canada
Air Canada is a major player in the airline industry, providing passenger and cargo air transportation services. It focuses on serving the Canadian market and international destinations, positioning itself as a key airline in North America.
Average Trading Volume: 3,628,106
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.43B
For a thorough assessment of AC stock, go to TipRanks’ Stock Analysis page.