Air Canada (OTCMKTS:ACDVF) Given Consensus Rating of “Hold” by Analysts

Air Canada (OTCMKTS:ACDVF) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

ACDVF has been the topic of a number of analyst reports. Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th.

Air Canada Trading Up 0.9%

Shares of Air Canada stock opened at $17.20 on Thursday. The company’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $14.23. The stock has a market capitalization of $4.82 billion, a PE ratio of 9.30, a P/E/G ratio of 0.70 and a beta of 1.43. Air Canada has a 1-year low of $12.03 and a 1-year high of $17.40. 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 released its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities analysts anticipate that Air Canada will post 0.75 earnings per share 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.