Air Canada (OTCMKTS:ACDVF) Receives Consensus Recommendation of “Hold” from Brokerages

Air Canada (OTCMKTS:ACDVF) has been given an average rating of “Hold” by the nine research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

Several brokerages have issued reports on ACDVF. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Finally, Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th.

Air Canada Stock Down 0.2%

Air Canada stock opened at $12.77 on Tuesday. The stock has a 50 day moving average of $14.16 and a two-hundred day moving average of $13.70. Air Canada has a twelve month low of $8.56 and a twelve month high of $17.25. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.24 and a beta of 1.39. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.20 by $0.27. Air Canada had a return on equity of 22.50% and a net margin of 2.92%.The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $5.56 billion. As a group, research analysts expect that Air Canada will post 1.66 earnings per share for the current year.

Air Canada Company Profile

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.