Cowen upgraded shares of Air Canada (OTCMKTS:ACDVF) from a market perform rating to an outperform rating in a research note released on Monday, The Fly reports.
Several other research firms have also recently issued reports on ACDVF. Bank of America raised shares of Air Canada from a neutral rating to a buy rating in a report on Friday, January 8th. Canaccord Genuity reiterated a buy rating and set a $23.00 price target (down from $25.00) on shares of Air Canada in a research report on Thursday, December 17th. CIBC lifted their price target on shares of Air Canada from $25.00 to $32.00 and gave the company an outperform rating in a research report on Monday, December 7th. National Bank Financial initiated coverage on shares of Air Canada in a research report on Thursday, December 31st. They set an outperform rating for the company. Finally, TD Securities lifted their price target on shares of Air Canada from $26.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, November 10th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Air Canada has a consensus rating of Buy and a consensus price target of $28.29.
OTCMKTS ACDVF opened at $18.06 on Monday. The stock has a market capitalization of $6.00 billion, a P/E ratio of -2.02 and a beta of 2.71. Air Canada has a 52-week low of $6.49 and a 52-week high of $40.31. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $14.27. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 6.51.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.
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