Shares of Air Canada (OTCMKTS:ACDVF – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company.
Several research firms have commented on ACDVF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, Scotiabank restated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 19th.
Read Our Latest Research Report on Air Canada
Air Canada Trading Down 4.7%
Air Canada (OTCMKTS:ACDVF – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. Research analysts forecast that Air Canada will post 0.90 EPS for the current fiscal year.
About Air Canada
Air Canada is Canada’s national flag carrier and one of the country’s largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.
The company’s principal businesses include passenger airline services, air cargo transportation and vacation travel.
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