Air Canada (OTCMKTS:ACDVF) Upgraded to Hold at Zacks Research

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

Several other equities research analysts also recently weighed in on the stock. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. ATB Cormark Capital Markets downgraded shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Canaccord Genuity Group lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Air Canada has a consensus rating of “Hold”.

Air Canada Price Performance

ACDVF opened at $14.32 on Tuesday. The company has a 50-day moving average of $13.41 and a 200-day moving average of $13.79. The company has a market capitalization of $4.02 billion, a P/E ratio of 7.74, a PEG ratio of 0.75 and a beta of 1.38. Air Canada has a 1-year low of $12.03 and a 1-year 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.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.25. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. Equities analysts expect that Air Canada will post 0.56 EPS for the current fiscal year.

Air Canada Company Profile

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.