Air Canada (OTCMKTS:ACDVF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Air Canada (OTCMKTS:ACDVF) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

Several research analysts have commented on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. National Bank Financial downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Zacks Research raised Air Canada to a “hold” rating in a research note on Tuesday, August 12th. National Bankshares downgraded Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd. Finally, UBS Group upgraded Air Canada to a “hold” rating in a research report on Tuesday, November 18th.

Air Canada Trading Up 1.4%

Shares of ACDVF opened at $13.56 on Friday. The firm has a market cap of $4.02 billion, a P/E ratio of -24.22 and a beta of 1.44. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.59 and a quick ratio of 0.56. Air Canada has a 1 year low of $8.56 and a 1 year high of $18.45. The company has a 50 day simple moving average of $13.17 and a two-hundred day simple moving average of $13.93.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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, equities analysts expect 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.