Air Canada (OTCMKTS:ACDVF) Downgraded to “Strong Sell” Rating by Zacks Research

Air Canada (OTCMKTS:ACDVF) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on ACDVF. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Canaccord Genuity Group downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Raymond James Financial downgraded Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. ATB Cormark Capital Markets downgraded Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Finally, Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air Canada Stock Down 0.4%

Shares of OTCMKTS ACDVF opened at $13.77 on Monday. Air Canada has a one year low of $9.94 and a one year high of $17.25. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53. The business’s fifty day moving average price is $13.69 and its 200-day moving average price is $13.68. The stock has a market capitalization of $3.95 billion, a PE ratio of 9.50, a P/E/G ratio of 0.51 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. Air Canada had a return on equity of 22.50% and a net margin of 2.92%.The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.56 billion. On average, equities research analysts anticipate that Air Canada will post 0.87 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.