Air Canada (OTCMKTS:ACDVF - Get Free Report) was upgraded by equities research analysts at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating in a note issued to investors on Monday,Zacks.com reports.
Separately, Jefferies Financial Group downgraded shares of Air Canada to an "underperform" rating in a report on Tuesday, April 1st.
Read Our Latest Analysis on ACDVF
Air Canada Stock Up 4.2%
Shares of Air Canada stock opened at $13.12 on Monday. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 4.04 and a beta of 1.74. The company's 50 day moving average is $10.38 and its 200 day moving average is $13.35. Air Canada has a twelve month low of $8.56 and a twelve month high of $18.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.
Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.07. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $5.35 billion. Research analysts anticipate that Air Canada will post 1.66 EPS for the current year.
Air Canada Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Air Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.
While Air Canada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
