Air Canada (OTCMKTS:ACDVF) Given Average Recommendation of “Hold” by Analysts

Shares of Air Canada (OTCMKTS:ACDVF) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

ACDVF has been the subject of a number of research analyst reports. Zacks Research upgraded Air Canada to a “hold” rating in a report on Tuesday, August 12th. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, July 30th. Finally, National Bank Financial lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd.

Air Canada Stock Performance

Shares of Air Canada stock opened at $13.14 on Friday. The business has a 50-day moving average of $13.49 and a 200 day moving average of $13.35. Air Canada has a 12 month low of $8.56 and a 12 month high of $18.56. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 4.80 and a beta of 1.90. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.63 and a quick ratio of 0.60.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Monday, July 28th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Air Canada had a net margin of 6.83% and a return on equity of 49.15%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $5.55 billion. As a group, sell-side analysts forecast that Air Canada will post 1.66 earnings per share for the current year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.