Air Canada (OTCMKTS:ACDVF) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Air Canada (OTCMKTS:ACDVF) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company.

ACDVF has been the topic of several research reports. Jefferies Financial Group downgraded shares of Air Canada from a “hold” rating to an “underperform” rating in a research report on Monday, October 19th. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Air Canada in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Finally, Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 15th.

Air Canada Stock Performance

Shares of OTCMKTS:ACDVF opened at $15.70 on Wednesday. Air Canada has a twelve month low of $12.03 and a twelve month high of $22.52. The firm has a 50 day simple moving average of $18.71 and a 200-day simple moving average of $16.06.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share 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 analyst estimates of $4.34 billion. As a group, sell-side analysts predict that Air Canada will post 0.74 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.