Air Canada (OTCMKTS:ACDVF) Cut to Hold at National Bank Financial

National Bank Financial lowered shares of Air Canada (OTCMKTS:ACDVF) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other brokerages have also weighed in on ACDVF. Scotiabank restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 30th. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. Finally, Zacks Research upgraded Air Canada to a “hold” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Air Canada Price Performance

Air Canada stock opened at $12.89 on Tuesday. Air Canada has a one year low of $8.56 and a one year high of $18.56. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.67 and a current ratio of 0.70. The business has a fifty day moving average of $14.16 and a two-hundred day moving average of $13.02. The company has a market cap of $3.82 billion, a P/E ratio of 4.71 and a beta of 1.95.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $5.55 billion. Air Canada had a return on equity of 45.69% and a net margin of 6.83%. As a group, analysts predict that Air Canada will post 1.66 earnings per share for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.