Air Canada (OTCMKTS:ACDVF) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Air Canada has been upgraded to a "hold" rating by Zacks Research, reflecting a shift in analyst sentiment towards the stock.
• The stock currently holds an average rating of "Moderate Buy" with various ratings from other analysts, including upgrades from Royal Bank of Canada and Scotiabank.
• For the recent quarter, Air Canada reported $0.43 earnings per share, missing estimates of $0.50 and generating revenue of $4.14 billion against expectations of $5.55 billion.

Air Canada (OTCMKTS:ACDVF - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a report issued on Tuesday, August 12th,Zacks.com reports.

ACDVF has been the subject of several other reports. Royal Bank Of Canada upgraded shares of Air Canada from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. Scotiabank restated an "outperform" rating on shares of Air Canada in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Air Canada Stock Performance

OTCMKTS:ACDVF traded up $0.1080 during trading hours on Tuesday, hitting $13.9980. 68,897 shares of the company were exchanged, compared to its average volume of 306,448. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 5.11 and a beta of 1.98. Air Canada has a 52-week low of $8.56 and a 52-week high of $18.56. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.70 and a quick ratio of 0.67. The company's 50 day moving average price is $14.85 and its 200-day moving average price is $12.70.

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