Air Canada (OTCMKTS:ACDVF) Receives Average Rating of “Buy” from Brokerages

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Shares of Air Canada (OTCMKTS:ACDVF) have earned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $53.00.

A number of research analysts recently weighed in on ACDVF shares. JPMorgan Chase & Co. raised shares of Air Canada from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Macquarie began coverage on shares of Air Canada in a research report on Tuesday, October 8th. They issued an “outperform” rating on the stock. Finally, Scotiabank set a $53.00 price objective on shares of Air Canada and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Shares of ACDVF traded down $0.42 during trading hours on Wednesday, reaching $37.54. 3,675 shares of the stock traded hands, compared to its average volume of 4,896. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The stock has a fifty day simple moving average of $35.90 and a 200 day simple moving average of $32.79. Air Canada has a 52 week low of $16.48 and a 52 week high of $38.59. The company has a market cap of $9.97 billion and a price-to-earnings ratio of 14.55.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.72 earnings per share for the quarter. Air Canada had a net margin of 5.74% and a return on equity of 25.91%. The company had revenue of $4.21 billion for the quarter.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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Analyst Recommendations for Air Canada (OTCMKTS:ACDVF)

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