Air Canada (ACDVF) Projected to Announce Quarterly Earnings on Tuesday

Air Canada (OTCMKTS:ACDVF) is expected to release its results after the market closes on Tuesday, August 11th. Analysts expect the company to post earnings of $0.11 per share and revenue of $4.3449 billion for the quarter.

Air Canada Price Performance

ACDVF opened at $19.06 on Monday. The company has a fifty day moving average of $16.88 and a two-hundred day moving average of $15.00. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 0.58 and a beta of 1.42. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $19.08. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56.

Analysts Set New Price Targets

A number of research firms have recently commented on ACDVF. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Scotiabank reiterated a “sector perform” rating on shares of Air Canada in a research report on Thursday, July 16th. National Bank Financial raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.