Air Canada (OTCMKTS:ACDVF) Receives Consensus Rating of “Hold” from Analysts

Shares of Air Canada (OTCMKTS:ACDVF) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company.

A number of brokerages have recently weighed in on ACDVF. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. UBS Group upgraded Air Canada to a “hold” rating in a report on Tuesday, November 18th. National Bank Financial cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Zacks Research raised Air Canada to a “hold” rating in a research report on Tuesday, August 12th. Finally, National Bankshares cut Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd.

Air Canada Stock Performance

Shares of ACDVF stock opened at $13.64 on Friday. 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 firm has a 50-day moving average of $13.14 and a 200-day moving average of $13.93. Air Canada has a one year low of $8.56 and a one year high of $18.45. The company has a market cap of $4.04 billion, a P/E ratio of -24.36 and a beta of 1.44.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%.The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Equities research analysts forecast that Air Canada will post 1.66 EPS for the current fiscal 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.