UBS Group Upgrades Air Canada (OTCMKTS:ACDVF) to Hold

Air Canada (OTCMKTS:ACDVF) was upgraded by investment analysts at UBS Group to a “hold” rating in a report released on Tuesday,Zacks.com reports.

ACDVF has been the topic of a number of other reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 30th. National Bank Financial downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 23rd. Finally, Zacks Research upgraded Air Canada to a “hold” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Air Canada Stock Performance

Shares of Air Canada stock opened at $12.76 on Tuesday. The business has a 50-day simple moving average of $13.16 and a 200 day simple moving average of $13.86. Air Canada has a one year low of $8.56 and a one year high of $18.56. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.63 and a quick ratio of 0.60. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -22.78 and a beta of 1.90.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Air Canada had a positive return on equity of 18.56% and a negative net margin of 1.30%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. On average, research analysts anticipate that Air Canada will post 1.66 earnings per share for the current fiscal year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.