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

Air Canada (OTCMKTS:ACDVF) was upgraded by investment analysts at UBS Group to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

ACDVF has been the topic of several other reports. Zacks Research upgraded Air Canada to a “hold” rating in a research note on Tuesday, August 12th. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 23rd. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. National Bank Financial downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Air Canada Stock Up 0.1%

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

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Air Canada had a positive return on equity of 18.56% and a negative net margin of 1.30%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. As a group, equities analysts expect 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.