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

Air Canada (OTCMKTS:ACDVF) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company.

Several analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. National Bank Financial restated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, August 19th.

Air Canada Stock Up 1.4%

OTCMKTS ACDVF opened at $18.03 on Friday. The business has a fifty day moving average price of $19.85 and a two-hundred day moving average price of $16.70. The stock has a market capitalization of $5.05 billion, a PE ratio of 17.68, a PEG ratio of 0.52 and a beta of 1.45. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $22.52. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.60 and a quick ratio of 0.56.

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

About Air Canada

Air Canada is Canada’s national flag carrier and one of the country’s largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.

The company’s principal businesses include passenger airline services, air cargo transportation and vacation travel.