Air Canada (OTCMKTS:ACDVF) Upgraded at Canaccord Genuity Group

Key Points

• Canaccord Genuity upgraded Air Canada from “hold” to “strong buy,” while the broader analyst consensus remains “moderate buy.” Six analysts rate the stock a buy, one rates it a strong buy, three recommend holding, and one advises selling.
• Air Canada reported quarterly EPS of $0.29, beating the $0.11 consensus estimate, with revenue of $4.41 billion versus expectations of $4.34 billion.
• ACDVF opened at $15.86, below its 50-day average of $19.06 and 200-day average of $16.99. The stock has traded between $12.03 and $22.52 over the past year, while the company carries relatively high leverage with a debt-to-equity ratio of 3.52.

Air Canada (OTCMKTS:ACDVF - Get Free Report) was upgraded by research analysts at Canaccord Genuity Group from a "hold" rating to a "strong-buy" rating in a report issued on Thursday, Zacks reports.

A number of other research firms have also commented on ACDVF. Royal Bank Of Canada restated an "outperform" rating on shares of Air Canada in a research report on Thursday, August 13th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Scotiabank reiterated an "outperform" rating on shares of Air Canada in a research note on Thursday, October 15th. National Bank Financial reissued an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, Jefferies Financial Group downgraded Air Canada from a "hold" rating to an "underperform" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Air Canada presently has a consensus rating of "Moderate Buy".

Air Canada Price Performance

Shares of ACDVF stock opened at $15.86 on Thursday. The stock's fifty day simple moving average is $19.06 and its 200 day simple moving average is $16.99. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.60 and a quick ratio of 0.56. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.43 and a beta of 1.45. Air Canada has a one year low of $12.03 and a one year high of $22.52.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.34 billion. On average, analysts expect that Air Canada will post 0.95 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada's flag carrier and the country's largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.

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