Air Canada (OTCMKTS:ACDVF) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Air Canada (OTCMKTS:ACDVF) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

ACDVF has been the topic of a number of other research reports. Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. ATB Cormark Capital Markets lowered shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Canaccord Genuity Group lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Air Canada Trading Down 2.8%

ACDVF opened at $13.39 on Monday. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53. Air Canada has a fifty-two week low of $9.94 and a fifty-two week high of $17.25. The firm has a market capitalization of $3.84 billion, a PE ratio of 9.23, a P/E/G ratio of 0.51 and a beta of 1.42. The company’s 50-day moving average is $13.67 and its 200 day moving average is $13.68.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.27. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.56 billion. As a group, research analysts predict that Air Canada will post 0.87 earnings per share for the current fiscal 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.