Air Canada (OTCMKTS:ACDVF) Upgraded at Zacks Research

Zacks Research upgraded shares of Air Canada (OTCMKTS:ACDVF) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently commented on ACDVF. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, January 21st. Finally, UBS Group upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Air Canada Stock Performance

OTCMKTS:ACDVF opened at $14.01 on Tuesday. The stock has a market cap of $4.13 billion, a P/E ratio of -25.02 and a beta of 1.46. The stock has a 50 day simple moving average of $13.88 and a 200 day simple moving average of $13.80. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99. Air Canada has a 1-year low of $8.56 and a 1-year high of $17.25.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $5.54 billion. Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.22%. Research analysts anticipate that Air Canada will post 1.66 earnings per share for the current year.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.