Air Canada (OTCMKTS:ACDVF) Stock Rating Upgraded by Scotiabank

Air Canada (OTCMKTS:ACDVF) was upgraded by stock analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts also recently commented on ACDVF. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. National Bank Financial upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Air Canada Stock Up 5.9%

Shares of Air Canada stock opened at $19.57 on Tuesday. The stock’s 50-day moving average is $17.01 and its 200 day moving average is $15.07. Air Canada has a one year low of $12.03 and a one year high of $19.61. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.56 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 27.71% and a net margin of 3.45%.The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. Equities research analysts anticipate that Air Canada will post 0.93 EPS for the current year.

Key Air Canada News

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Aeroplan investment provides substantial balance-sheet support. Blackstone, La Caisse and other Canadian institutional investors will purchase a 25% non-controlling stake in Aeroplan for C$2.5 billion, valuing the loyalty program at approximately C$10 billion. Air Canada retains control of Aeroplan’s strategy and operations while receiving significant capital to pursue an investment-grade credit rating and reduce financial pressure. Air Canada Announces $2.5 Billion Minority Equity Investment in Aeroplan Led by Blackstone and La Caisse
• Positive Sentiment: Second-quarter earnings exceeded expectations. Air Canada reported adjusted EBITDA of C$719 million, at the top end of its guidance range, and EPS of $0.29 versus the consensus estimate of $0.11. Record quarterly operating revenue of C$6.3 billion indicates strong travel demand across the airline’s network. Air Canada Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: International expansion could support long-term growth. Air Canada reportedly received approval for its first Nigeria expansion, potentially adding network reach and new demand opportunities, though the near-term financial contribution is unclear. Air Canada Nigeria Expansion
• Negative Sentiment: Underlying operating results still show pressure. The company recorded a C$215 million operating loss, including C$388 million in labor-related and other charges. Air Canada also has substantial leverage, which makes the balance-sheet improvement important but does not eliminate financial risk. Air Canada Second Quarter 2026 Financial Results

Air Canada Company Profile

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.