Air Canada (OTCMKTS:ACDVF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Air Canada (OTCMKTS:ACDVF) have been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company.

ACDVF has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research report on Thursday, August 13th. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 19th.

Air Canada Stock Performance

OTCMKTS ACDVF opened at $19.88 on Tuesday. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $22.52. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43. The business has a fifty day moving average of $19.02 and a 200-day moving average of $16.04. 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 (OTCMKTS:ACDVF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.34 billion. As a group, analysts predict that Air Canada will post 0.88 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger and cargo air transportation, serving destinations across Canada, the United States, Europe, Asia-Pacific, Latin America, the Caribbean and other international markets. Its principal hubs include Toronto, Montreal, Vancouver and Calgary.

Air Canada operates its mainline network alongside Air Canada Rouge, a leisure-focused carrier, and regional services provided through partner airlines under the Air Canada Express brand.