Air Canada (OTCMKTS:ACDVF) Upgraded at Canaccord Genuity Group

Air Canada (OTCMKTS:ACDVF) was upgraded by equities researchers at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

Several other equities analysts have also recently issued reports on ACDVF. Jefferies Financial Group cut Air Canada from a “hold” rating to an “underperform” rating in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 15th. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Air Canada Stock Up 0.6%

OTCMKTS ACDVF opened at $15.86 on Thursday. The stock has a fifty day moving average of $19.06 and a 200-day moving average of $16.99. The stock has a market capitalization of $4.01 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. Air Canada has a 52 week low of $12.03 and a 52 week high of $22.52. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.56 and a current ratio of 0.60.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. On average, equities research analysts forecast that Air Canada will post 0.95 EPS for the current year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.