Air Canada (OTCMKTS:ACDVF) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Air Canada has received a consensus rating of "Hold" from brokers, with one sell, two hold, one buy, and one strong buy recommendation among five analysts covering the stock.
• The company's earnings report revealed $0.43 EPS, missing estimates by $0.07, and its revenue was significantly below expectations at $4.14 billion compared to $5.55 billion forecasted.
• Air Canada's stock recently traded at $13.42 with a market capitalization of $3.98 billion, showing a 52-week range from $8.56 to $18.56.

Air Canada (OTCMKTS:ACDVF - Get Free Report) has been given an average rating of "Hold" by the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

ACDVF has been the topic of a number of recent research reports. Zacks Research raised Air Canada to a "hold" rating in a research report on Tuesday, August 12th. Scotiabank restated an "outperform" rating on shares of Air Canada in a report on Wednesday, July 30th. Finally, National Bankshares downgraded shares of Air Canada from an "outperform" rating to a "sector perform" rating in a research note on Tuesday.

Air Canada Price Performance

Shares of Air Canada stock traded down $0.36 during mid-day trading on Tuesday, reaching $13.42. 610,748 shares of the stock traded hands, compared to its average volume of 286,433. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 5.38. Air Canada has a fifty-two week low of $8.56 and a fifty-two week high of $18.56. The stock has a market capitalization of $3.98 billion, a PE ratio of 4.90 and a beta of 1.95. The business has a 50-day moving average of $14.32 and a 200 day moving average of $13.00.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $5.55 billion. Air Canada had a net margin of 6.83% and a return on equity of 45.69%. On average, analysts predict that Air Canada will post 1.66 EPS for the current year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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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