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

Air Canada (OTCMKTS:ACDVF – Get Free Report) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

A number of brokerages recently commented on ACDVF. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Canaccord Genuity Group lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th.

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Air Canada Price Performance

Shares of ACDVF stock opened at $16.00 on Friday. The stock has a 50-day moving average price of $13.78 and a 200 day moving average price of $13.88. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.87 and a beta of 1.38. Air Canada has a 12 month low of $12.03 and a 12 month high of $17.25.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. Research analysts expect that Air Canada will post 0.56 EPS 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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