Air Canada (OTCMKTS:ACDVF) Upgraded to Hold at UBS Group

UBS Group upgraded shares of Air Canada (OTCMKTS:ACDVF) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. Zacks Research raised Air Canada to a “hold” rating in a report on Tuesday, August 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, July 30th. National Bankshares cut shares of Air Canada from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 23rd. Finally, National Bank Financial lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Air Canada Trading Up 0.1%

Air Canada stock opened at $12.76 on Tuesday. The firm has a market cap of $3.78 billion, a PE ratio of -22.78 and a beta of 1.90. Air Canada has a 12 month low of $8.56 and a 12 month high of $18.56. The stock’s 50 day simple moving average is $13.16 and its two-hundred day simple moving average is $13.86. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 5.73.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $5.54 billion. Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.56%. Analysts anticipate that Air Canada will post 1.66 earnings per share for the current year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.