Air Canada (OTCMKTS:ACDVF) Downgraded to “Hold” Rating by Canaccord Genuity Group

Air Canada (OTCMKTS:ACDVF) was downgraded by analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. 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. UBS Group raised Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Scotiabank cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Air Canada Stock Performance

Shares of OTCMKTS:ACDVF opened at $12.07 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.24 and a beta of 1.39. The firm has a 50 day moving average of $14.29 and a 200 day moving average of $13.74. Air Canada has a 52 week low of $8.56 and a 52 week high of $17.25.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data 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. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. On average, sell-side analysts predict that Air Canada will post 1.66 earnings per share 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.