Air Canada (OTCMKTS:ACDVF) Downgraded to Strong Sell Rating by Zacks Research

Air Canada (OTCMKTS:ACDVF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently issued reports on ACDVF. National Bank Financial downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. National Bankshares lowered Air Canada from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 23rd. UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Air Canada Trading Up 0.5%

Shares of Air Canada stock opened at $14.56 on Monday. Air Canada has a 52-week low of $8.56 and a 52-week high of $17.25. The firm has a market capitalization of $4.30 billion, a PE ratio of -26.00 and a beta of 1.46. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.59 and a quick ratio of 0.56. The company’s fifty day moving average price is $13.56 and its two-hundred day moving average price is $13.96.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.22%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $5.54 billion. On average, analysts expect that Air Canada will post 1.66 EPS for the current year.

About Air Canada

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.