Air Canada (OTCMKTS:ACDVF) Rating Increased to Strong-Buy at National Bank Financial

Air Canada (OTCMKTS:ACDVF – Get Free Report) was upgraded by equities researchers at National Bank Financial from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on ACDVF. 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. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Get Air Canada alerts:

Check Out Our Latest Report on Air Canada

Air Canada Stock Up 0.8%

OTCMKTS:ACDVF opened at $17.83 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. The stock has a 50 day moving average of $15.47 and a 200-day moving average of $14.48. The firm has a market capitalization of $4.99 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. Air Canada has a 52 week low of $12.03 and a 52 week high of $17.96.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last released its quarterly earnings data 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. Air Canada had a return on equity of 27.71% and a net margin of 3.45%.The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. Analysts predict that Air Canada will post 0.75 EPS for the current year.

About Air Canada

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Air Canada
• Apple and Broadcom Forge a Decade-Long Silicon Fortress
• SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
• The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
• Palantir’s CEO Just Called Out OpenAI and Anthropic

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.