ATB Cormark Capital Markets Downgrades Air Canada (OTCMKTS:ACDVF) to Moderate Buy

Air Canada (OTCMKTS:ACDVF) was downgraded by equities researchers at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research note on Sunday. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Tuesday. UBS Group upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Air Canada Trading Up 1.0%

Shares of ACDVF opened at $15.05 on Monday. Air Canada has a twelve month low of $8.56 and a twelve month high of $17.25. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99. The firm has a market capitalization of $4.42 billion, a P/E ratio of 10.38 and a beta of 1.44. The firm’s 50-day moving average is $14.23 and its two-hundred day moving average is $13.72.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 24.22%. On average, research analysts predict that Air Canada will post 1.66 earnings per share 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.