Air Canada (OTCMKTS:ACDVF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Air Canada (OTCMKTS:ACDVF) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company.

ACDVF has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of Air Canada in a research note on Wednesday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th.

Air Canada Stock Down 1.1%

Shares of Air Canada stock opened at $20.93 on Friday. The company has a fifty day moving average price of $17.89 and a 200 day moving average price of $15.44. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. Air Canada has a twelve month low of $12.03 and a twelve month high of $22.52. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.55 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The firm had revenue of $4.41 billion during 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%. Equities research analysts forecast that Air Canada will post 0.99 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.