Air Canada (OTCMKTS:ACDVF) Rating Lowered to Hold at Scotiabank

Air Canada (OTCMKTS:ACDVF) was downgraded by Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on ACDVF. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. UBS Group upgraded Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Finally, ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Air Canada Trading Up 0.9%

Shares of ACDVF opened at $12.97 on Tuesday. The business’s 50-day moving average price is $14.37 and its 200 day moving average price is $13.76. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $3.80 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.25 and a beta of 1.39. Air Canada has a 1-year low of $8.56 and a 1-year high of $17.25.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $5.56 billion. 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.