Air Canada (OTCMKTS:ACDVF) Upgraded by National Bank Financial to Strong-Buy Rating

Air Canada (OTCMKTS:ACDVF) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

ACDVF has been the topic of several other reports. Canaccord Genuity Group downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Air Canada Price Performance

ACDVF opened at $17.83 on Tuesday. The company has a fifty day simple moving average of $15.47 and a 200 day simple moving average of $14.48. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.72 and a beta of 1.42. Air Canada has a twelve month low of $12.03 and a twelve month high of $17.96. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. Equities research analysts expect that Air Canada will post 0.75 EPS for the current fiscal 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.