Air Canada (OTCMKTS:ACDVF) Given Consensus Rating of “Hold” by Analysts

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

ACDVF has been the topic of a number of recent research reports. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Canaccord Genuity Group cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th.

Air Canada Stock Performance

Shares of OTCMKTS:ACDVF opened at $17.39 on Thursday. The company’s 50 day moving average price is $15.15 and its two-hundred day moving average price is $14.36. Air Canada has a 12-month low of $12.03 and a 12-month high of $17.51. The firm has a market cap of $4.87 billion, a PE ratio of 9.40, a PEG ratio of 0.71 and a beta of 1.41. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results 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 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 research analysts predict that Air Canada will post 0.75 earnings per share for the current 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.