Air Canada (OTCMKTS:ACDVF) Given Sector Perform Rating at National Bank of Canada

National Bank of Canada restated their sector perform rating on shares of Air Canada (OTCMKTS:ACDVF) in a report released on Tuesday morning, Benzinga reports. They currently have a $31.00 price objective on the stock, up from their previous price objective of $26.00.

ACDVF has been the topic of several other reports. Cowen raised shares of Air Canada from a market perform rating to an outperform rating in a report on Monday, January 11th. Scotiabank decreased their target price on shares of Air Canada from $31.00 to $29.00 and set a sector perform rating on the stock in a report on Tuesday. Raymond James decreased their target price on shares of Air Canada from $32.00 to $30.00 and set an outperform rating on the stock in a report on Tuesday, February 16th. Bank of America raised shares of Air Canada from a neutral rating to a buy rating in a report on Friday, January 8th. Finally, Canaccord Genuity reissued a buy rating and issued a $23.00 target price (down from $25.00) on shares of Air Canada in a report on Thursday, December 17th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $29.44.

Shares of Air Canada stock opened at $21.53 on Tuesday. Air Canada has a twelve month low of $9.10 and a twelve month high of $24.82. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 6.51. The company has a 50-day simple moving average of $21.54 and a two-hundred day simple moving average of $17.42. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of -2.41 and a beta of 2.71.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Friday, February 12th. The company reported ($3.13) earnings per share for the quarter. Air Canada had a negative return on equity of 86.60% and a negative net margin of 34.54%. The business had revenue of $634.62 million during the quarter.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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Analyst Recommendations for Air Canada (OTCMKTS:ACDVF)

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