Air Canada (OTCMKTS:ACDVF) Stock Rating Upgraded by JPMorgan Chase & Co.

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JPMorgan Chase & Co. upgraded shares of Air Canada (OTCMKTS:ACDVF) from a neutral rating to an overweight rating in a report released on Wednesday morning, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Paradigm Capital reissued a buy rating on shares of Air Canada in a research note on Wednesday, July 31st. Scotiabank set a $53.00 price objective on shares of Air Canada and gave the company a buy rating in a research note on Wednesday, September 18th. Finally, Macquarie began coverage on shares of Air Canada in a research note on Tuesday, October 8th. They issued an outperform rating on the stock. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of $53.00.

Shares of OTCMKTS:ACDVF traded down $0.55 during trading on Wednesday, hitting $35.89. 311 shares of the company were exchanged, compared to its average volume of 10,622. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.87. The stock has a market capitalization of $9.47 billion and a P/E ratio of 13.80. The firm’s 50 day moving average price is $34.03 and its 200-day moving average price is $31.56. Air Canada has a 12-month low of $16.48 and a 12-month high of $38.59.

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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The Fly

Analyst Recommendations for Air Canada (OTCMKTS:ACDVF)

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