Air Canada (OTCMKTS:ACDVF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Air Canada (OTCMKTS:ACDVF) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.

Several equities analysts have weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. National Bank Financial reissued an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th.

Air Canada Stock Down 0.5%

Air Canada stock opened at $19.79 on Tuesday. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $22.52. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43. The stock’s fifty day moving average is $19.06 and its two-hundred day moving average is $16.09. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.56 and a current ratio of 0.60.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Analysts predict that Air Canada will post 0.88 EPS for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger and cargo air transportation, serving destinations across Canada, the United States, Europe, Asia-Pacific, Latin America, the Caribbean and other international markets. Its principal hubs include Toronto, Montreal, Vancouver and Calgary.

Air Canada operates its mainline network alongside Air Canada Rouge, a leisure-focused carrier, and regional services provided through partner airlines under the Air Canada Express brand.