Air Canada (OTCMKTS:ACDVF) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Air Canada (OTCMKTS:ACDVF) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

ACDVF has been the subject of a number of other reports. Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. ATB Cormark Capital Markets lowered shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Finally, Canaccord Genuity Group lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air Canada Price Performance

ACDVF opened at $13.77 on Monday. 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 has a 52-week low of $9.94 and a 52-week high of $17.25. The company has a 50 day moving average of $13.69 and a two-hundred day moving average of $13.68. The company has a market cap of $3.95 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.51 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.27. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.56 billion. On average, analysts expect that Air Canada will post 0.87 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.