Air Canada (OTCMKTS:ACDVF) Given Consensus Recommendation of “Hold” by Brokerages

Air Canada (OTCMKTS:ACDVF) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company.

A number of brokerages have recently commented on ACDVF. Zacks Research downgraded shares of Air Canada from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. Finally, Canaccord Genuity Group lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th.

Air Canada Stock Down 0.8%

Shares of ACDVF stock opened at $13.96 on Wednesday. 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 has a 1 year low of $12.04 and a 1 year high of $17.25. The firm’s fifty day moving average price is $13.37 and its two-hundred day moving average price is $13.75. The firm has a market capitalization of $3.92 billion, a P/E ratio of 7.55, a PEG ratio of 2.02 and a beta of 1.38.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. On average, equities analysts predict that Air Canada will post 0.23 EPS for the current fiscal 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.