Air Canada (OTCMKTS:ACDVF) Given Average Rating of “Moderate Buy” by Brokerages

Air Canada (OTCMKTS:ACDVFGet Rating) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $28.83.

Several brokerages have recently commented on ACDVF. Canaccord Genuity Group upgraded shares of Air Canada from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. Scotiabank lowered their target price on shares of Air Canada from C$31.00 to C$26.00 in a research note on Tuesday, June 28th. National Bank Financial reduced their price target on shares of Air Canada from C$31.00 to C$30.00 in a research report on Thursday, July 7th. Canaccord Genuity Group upgraded shares of Air Canada from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. Finally, TD Securities reduced their target price on Air Canada from C$26.00 to C$25.00 in a report on Tuesday, June 28th.

Air Canada Stock Down 4.5 %

Shares of OTCMKTS ACDVF opened at $13.81 on Friday. The business has a fifty day moving average of $13.80 and a two-hundred day moving average of $15.67. The company has a debt-to-equity ratio of 1,723.47, a quick ratio of 1.23 and a current ratio of 1.15. Air Canada has a 52-week low of $11.94 and a 52-week high of $22.36. The stock has a market cap of $4.96 billion, a PE ratio of -2.33 and a beta of 2.06.

Air Canada (OTCMKTS:ACDVFGet Rating) last announced its earnings results on Tuesday, August 2nd. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.88). Air Canada had a negative return on equity of 828.99% and a negative net margin of 21.93%. The business had revenue of $3.12 billion during the quarter. As a group, equities research analysts expect that Air Canada will post -3.23 earnings per share for the current fiscal year.

Air Canada Company Profile

(Get Rating)

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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