Air Canada (OTCMKTS:ACDVF) Given Average Recommendation of “Moderate Buy” by Analysts

Air Canada (OTCMKTS:ACDVF) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.

A number of equities research analysts have recently weighed in on ACDVF shares. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th.

Air Canada Stock Performance

Shares of Air Canada stock opened at $20.64 on Tuesday. 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 firm has a market cap of $5.78 billion, a P/E ratio of 20.24, a P/E/G ratio of 0.60 and a beta of 1.43. The firm has a 50 day simple moving average of $18.78 and a 200 day simple moving average of $15.91. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $22.52.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%. Sell-side analysts predict that Air Canada will post 0.88 earnings per share for the current fiscal 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.