Air Canada (OTCMKTS:ACDVF) Cut to “Moderate Buy” at ATB Cormark Capital Markets

ATB Cormark Capital Markets cut shares of Air Canada (OTCMKTS:ACDVF) from a strong-buy rating to a moderate buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ACDVF. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research report on Sunday. UBS Group raised Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Finally, Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Air Canada Price Performance

Shares of ACDVF opened at $15.48 on Monday. Air Canada has a 52 week low of $8.56 and a 52 week high of $17.25. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 10.68 and a beta of 1.44. The stock has a 50 day moving average of $14.27 and a 200-day moving average of $13.74.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) 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 24.22%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.56 billion. As a group, analysts forecast that Air Canada will post 1.66 EPS for the current year.

More Air Canada News

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Arbitrator largely upheld Air Canada’s offer and brought the multi‑year flight‑attendant dispute to an end — removing strike risk and operational uncertainty that had weighed on revenue and near‑term cash flow. CBC: Arbitrator settles flight attendant wages at Air Canada Financial Post: Arbitrator Backs Air Canada Reuters: Canadian arbitrator upholds Air Canada’s wage agreement
• Positive Sentiment: Network expansion: Air Canada is adding a year‑round Montréal–Guadalajara route and ~18% more capacity to Mexico this summer (increases to Cancún, Mexico City, Monterrey, Puerto Vallarta), which should support revenue growth in a strong leisure travel market. GlobeNewswire: Air Canada expands Mexico presence Business Insider: Air Canada expands Mexico capacity
• Positive Sentiment: Analyst support: TD Cowen (via TipRanks) maintained a Buy and raised its target to C$26, and RBC reaffirmed its Buy — signals some analysts see further upside despite near‑term headwinds. TipRanks/TD Cowen: Buy maintained and target raised Globe and Mail: RBC reaffirms Buy
• Negative Sentiment: The arbitrator’s award requires flight‑attendant wages to rise by more than ~20% over four years — this will increase labour expense and could pressure margins and cash flow over the contract term. Reuters: Wage increase details
• Negative Sentiment: Analyst tweak: ATB Cormark downgraded Air Canada from “strong‑buy” to “moderate buy,” reflecting more cautious near‑term sentiment that could cap upside. Zacks: ATB Cormark downgrade note

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.