Air Canada (OTCMKTS:ACDVF) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Air Canada has a “Moderate Buy” consensus rating from 11 analysts: six recommend buying the stock, while five rate it a hold.
• Several major brokerages, including BMO Capital Markets, RBC, Scotiabank and National Bank Financial, reiterated “outperform” ratings; Jefferies maintained a “hold” rating.
• Air Canada’s latest quarterly results exceeded expectations, with adjusted earnings of $0.29 per share versus the $0.11 consensus and revenue of $4.41 billion versus $4.34 billion expected. Shares opened at $17.78, down 3.5%.

Air Canada (OTCMKTS:ACDVF - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company.

Several brokerages recently weighed in on ACDVF. BMO Capital Markets reaffirmed an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Royal Bank Of Canada restated an "outperform" rating on shares of Air Canada in a research note on Thursday, August 13th. Scotiabank reiterated an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th. Finally, National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th.

Air Canada Stock Down 3.5%

ACDVF opened at $17.78 on Friday. The business has a 50 day moving average price of $19.83 and a two-hundred day moving average price of $16.63. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 3.52. The company has a market cap of $4.98 billion, a PE ratio of 17.43, a P/E/G ratio of 0.54 and a beta of 1.45. Air Canada has a 52 week low of $12.03 and a 52 week high of $22.52.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.18. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.34 billion. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. As a group, research analysts anticipate that Air Canada will post 0.88 EPS for the current year.

About Air Canada

Air Canada is Canada's national flag carrier and one of the country's largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.

The company's principal businesses include passenger airline services, air cargo transportation and vacation travel.

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