Air Canada (OTCMKTS:ACDVF) Downgraded to Moderate Buy Rating by ATB Cormark Capital Markets

Air Canada (OTCMKTS:ACDVF) was downgraded by equities researchers at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research report on Sunday. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Tuesday. UBS Group raised Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Finally, Raymond James Financial downgraded Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Air Canada Price Performance

Shares of OTCMKTS:ACDVF opened at $15.05 on Monday. The company has a market cap of $4.42 billion, a P/E ratio of 10.38 and a beta of 1.44. The business has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $13.72. Air Canada has a 52 week low of $8.56 and a 52 week high of $17.25. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 3.99.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.27. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.56 billion. Air Canada had a return on equity of 24.22% and a net margin of 2.92%. Equities research analysts forecast that Air Canada will post 1.66 EPS for the current year.

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.