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

Air Canada (OTCMKTS:ACDVF) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have recently issued reports on ACDVF shares. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a report on Wednesday, July 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Air Canada in a research note on Thursday, July 16th. Finally, National Bank Financial raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th.

Air Canada Stock Performance

ACDVF stock opened at $16.52 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. Air Canada has a twelve month low of $12.03 and a twelve month high of $17.96. The company has a market cap of $4.63 billion, a P/E ratio of 8.93, a PEG ratio of 0.49 and a beta of 1.42. The business has a fifty day moving average of $16.17 and a 200-day moving average of $14.70.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. As a group, equities research analysts expect that Air Canada will post 1.02 EPS for the current year.

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.