Air Canada (OTCMKTS:ACDVF) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Air Canada (OTCMKTS:ACDVF) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd. UBS Group raised Air Canada to a “hold” rating in a report on Tuesday, November 18th. Finally, National Bank Financial downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Air Canada has a consensus rating of “Hold”.

Air Canada Trading Up 0.5%

Shares of Air Canada stock opened at $14.56 on Monday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.59 and a quick ratio of 0.56. The company’s fifty day moving average price is $13.56 and its two-hundred day moving average price is $13.96. Air Canada has a 52-week low of $8.56 and a 52-week high of $17.25. The firm has a market capitalization of $4.30 billion, a PE ratio of -26.00 and a beta of 1.46.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.22%. On average, analysts expect that Air Canada will post 1.66 EPS for the current year.

About Air Canada

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.