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

Air Canada (OTCMKTS:ACDVF) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

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

Air Canada Stock Performance

Shares of ACDVF stock opened at $14.32 on Tuesday. The company’s fifty day simple moving average is $13.41 and its 200-day simple moving average is $13.79. Air Canada has a 52 week low of $12.03 and a 52 week high of $17.25. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The company has a market cap of $4.02 billion, a PE ratio of 7.74, a P/E/G ratio of 0.75 and a beta of 1.38.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities research analysts anticipate that Air Canada will post 0.56 EPS for the current year.

About Air Canada

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.