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

Shares of Air Canada (OTCMKTS:ACDVF) have been given an average recommendation of “Hold” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research firms have recently issued reports on ACDVF. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Jefferies Financial Group reissued 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, Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th.

Air Canada Stock Up 2.9%

Air Canada stock opened at $12.42 on Tuesday. Air Canada has a fifty-two week low of $8.56 and a fifty-two week high of $17.25. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The firm’s 50-day simple moving average is $14.25 and its 200 day simple moving average is $13.72. The stock has a market cap of $3.64 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.23 and a beta of 1.39.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.47 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 firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $5.56 billion. Research analysts predict that Air Canada will post 1.66 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.