Air Canada (OTCMKTS:ACDVF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Air Canada (OTCMKTS:ACDVF) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company.

ACDVF has been the subject of several recent research reports. Jefferies Financial Group downgraded shares of Air Canada from a “hold” rating to an “underperform” rating in a research note on Monday, October 19th. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, Canaccord Genuity Group upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd.

Air Canada Trading Up 0.3%

ACDVF opened at $15.12 on Wednesday. Air Canada has a 1-year low of $12.03 and a 1-year high of $22.52. The company’s 50 day moving average is $18.12 and its 200-day moving average is $16.09. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The company has a market cap of $3.82 billion, a P/E ratio of 11.97, a PEG ratio of 3.34 and a beta of 1.54.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.16. Air Canada had a return on equity of 18.75% and a net margin of 1.22%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.82 billion. Equities research analysts predict that Air Canada will post 0.40 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.