Air Canada (OTCMKTS:ACDVF) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Air Canada (OTCMKTS:ACDVF) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Scotiabank cut Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Air Canada Stock Up 4.9%

Shares of OTCMKTS:ACDVF opened at $14.32 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The business has a fifty day moving average of $13.41 and a two-hundred day moving average of $13.79. The stock has a market cap of $4.02 billion, a P/E ratio of 7.74, a PEG ratio of 0.75 and a beta of 1.38. Air Canada has a 52-week low of $12.03 and a 52-week high of $17.25.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. On average, research analysts expect that Air Canada will post 0.56 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.