Air Canada (OTCMKTS:ACDVF) Upgraded by National Bank Financial to “Strong-Buy” Rating

by · The Markets Daily

National Bank Financial upgraded shares of Air Canada (OTCMKTS:ACDVF – Free Report) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on ACDVF. Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Air Canada presently has an average rating of “Hold”.

Check Out Our Latest Analysis on ACDVF

Air Canada Trading Up 0.8%

Shares of ACDVF stock opened at $17.83 on Tuesday. The company has a market capitalization of $4.99 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. 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 business’s 50 day moving average is $15.47 and its two-hundred day moving average is $14.48. Air Canada has a twelve month low of $12.03 and a twelve month high of $17.96.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.25. Air Canada had a return on equity of 27.71% and a net margin of 3.45%.The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $3.96 billion. Equities analysts forecast that Air Canada will post 0.75 EPS for the current year.

About Air Canada

(Get Free Report)

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.

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