Air Canada (OTCMKTS:ACDVF) Raised to “Hold” at Zacks Research

Air Canada (OTCMKTS:ACDVF – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

ACDVF has been the topic of a number of other reports. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. ATB Cormark Capital Markets downgraded shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Finally, Raymond James Financial downgraded shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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Air Canada Stock Performance

Air Canada stock opened at $14.32 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. Air Canada has a 1 year low of $12.03 and a 1 year high of $17.25. The company has a market cap of $4.02 billion, a PE ratio of 7.74, a PEG ratio of 0.75 and a beta of 1.38. The company’s 50-day moving average is $13.41 and its two-hundred day moving average is $13.79.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. Equities analysts anticipate that Air Canada will post 0.56 earnings per share for the current year.

About Air Canada

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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.

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