Air Canada (OTCMKTS:ACDVF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Air Canada (OTCMKTS:ACDVF) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.

Several equities analysts recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 19th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. National Bank Financial restated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th.

Air Canada Stock Performance

Shares of ACDVF opened at $17.53 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The firm has a market cap of $4.43 billion, a PE ratio of 17.19, a P/E/G ratio of 0.53 and a beta of 1.45. Air Canada has a 12 month low of $12.03 and a 12 month high of $22.52. The stock has a fifty day moving average price of $19.84 and a 200-day moving average price of $16.77.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. Air Canada had a return on equity of 20.11% and a net margin of 1.82%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.34 billion. Equities research analysts predict that Air Canada will post 0.88 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada’s national flag carrier and one of the country’s largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.

The company’s principal businesses include passenger airline services, air cargo transportation and vacation travel.