Air Canada (OTCMKTS:ACDVF) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Air Canada (OTCMKTS:ACDVF - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company.

ACDVF has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Air Canada in a research report on Friday, August 14th. National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Scotiabank reaffirmed an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 19th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th.

Air Canada Price Performance

Shares of Air Canada stock opened at $20.64 on Tuesday. The stock has a market cap of $5.78 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.60 and a beta of 1.43. Air Canada has a 52 week low of $12.03 and a 52 week high of $22.52. The company's 50-day moving average price is $18.78 and its two-hundred day moving average price is $15.91. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

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 for the quarter, topping the consensus estimate of $0.11 by $0.18. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.34 billion. As a group, sell-side analysts anticipate that Air Canada will post 0.88 EPS for the current fiscal year.

Air Canada Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.