Air Canada (OTCMKTS:ACDVF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Air Canada (OTCMKTS:ACDVF) have been given an average recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

ACDVF has been the subject of a number of research reports. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. ATB Cormark Capital Markets cut shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th.

Air Canada Stock Down 0.4%

ACDVF opened at $15.35 on Friday. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $17.25. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The company has a fifty day moving average of $14.00 and a two-hundred day moving average of $13.95. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.84 and a beta of 1.43.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. On average, research analysts expect that Air Canada will post 0.56 earnings per share for the current 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.