Air Canada (OTCMKTS:ACDVF) Given Consensus Rating of “Hold” by Brokerages

Air Canada (OTCMKTS:ACDVF) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

A number of research analysts have recently weighed in on the stock. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Raymond James Financial downgraded shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a report on Sunday, February 15th.

Air Canada Trading Up 1.8%

Shares of OTCMKTS:ACDVF opened at $13.88 on Friday. The firm has a market capitalization of $3.98 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.50 and a beta of 1.42. The firm has a fifty day moving average of $13.74 and a two-hundred day moving average of $13.65. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. Air Canada has a 12-month low of $9.93 and a 12-month high of $17.25.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. On average, equities analysts expect 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.