Zacks Research Upgrades Air Canada (OTCMKTS:ACDVF) to Hold

Air Canada (OTCMKTS:ACDVF) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on ACDVF. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. UBS Group raised shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Finally, Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Air Canada has an average rating of “Hold”.

Air Canada Price Performance

Shares of ACDVF stock opened at $14.13 on Tuesday. Air Canada has a twelve month low of $8.56 and a twelve month high of $17.25. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 3.99. The business has a fifty day simple moving average of $13.86 and a 200 day simple moving average of $13.80. The company has a market cap of $4.16 billion, a P/E ratio of -25.23 and a beta of 1.46.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%. On average, sell-side analysts forecast that Air Canada will post 1.66 EPS 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.