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

Shares of Air Canada (OTCMKTS:ACDVF) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have recently issued reports on ACDVF. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 23rd. National Bank Financial lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Zacks Research raised Air Canada to a “hold” rating in a report on Tuesday, August 12th.

Air Canada Stock Performance

Shares of Air Canada stock opened at $13.16 on Friday. The company has a market cap of $3.90 billion, a PE ratio of 4.80 and a beta of 1.90. Air Canada has a 52 week low of $8.56 and a 52 week high of $18.56. The business has a 50 day moving average price of $13.45 and a 200-day moving average price of $13.41. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 5.73.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Monday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.07). The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $5.55 billion. Air Canada had a net margin of 6.83% and a return on equity of 49.15%. Equities analysts anticipate that Air Canada will post 1.66 earnings per share for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.