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

Air Canada (OTCMKTS:ACDVF) has earned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

A number of research firms have weighed in on ACDVF. Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th.

Air Canada Stock Up 1.3%

Shares of Air Canada stock opened at $16.00 on Friday. 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 has a 52-week low of $12.03 and a 52-week high of $17.25. The stock has a 50-day simple moving average of $13.78 and a 200-day simple moving average of $13.88. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.87 and a beta of 1.38.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data 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. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, equities research analysts expect that Air Canada will post 0.56 earnings per share for the current fiscal 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.