Air Canada (OTCMKTS:ACDVF) Receives Average Rating of “Hold” from Brokerages

Air Canada (OTCMKTS:ACDVF) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

A number of research firms have recently commented on ACDVF. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Scotiabank restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 30th. Zacks Research upgraded Air Canada to a “hold” rating in a research report on Tuesday, August 12th. National Bankshares cut Air Canada from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 23rd. Finally, National Bank Financial cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd.

Air Canada Stock Down 0.6%

Air Canada stock opened at $12.72 on Friday. The stock has a market capitalization of $3.77 billion, a PE ratio of 4.64 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 business has a 50 day simple moving average of $13.56 and a 200-day simple moving average of $13.29. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.63 and a quick ratio of 0.60.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $5.55 billion. Air Canada had a net margin of 6.83% and a return on equity of 49.15%. On average, analysts anticipate that Air Canada will post 1.66 EPS for the current fiscal year.

About Air Canada

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.