Air Canada (OTCMKTS:ACDVF) Rating Lowered to “Moderate Buy” at ATB Cormark Capital Markets

Air Canada (OTCMKTS:ACDVF) was downgraded by investment analysts at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on ACDVF. Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. UBS Group raised Air Canada to a “hold” rating in a report on Tuesday, November 18th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research note on Sunday. Scotiabank restated an “outperform” rating on shares of Air Canada in a research report on Tuesday. Finally, Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Air Canada presently has a consensus rating of “Hold”.

Air Canada Price Performance

Air Canada stock opened at $15.05 on Monday. The business’s fifty day moving average is $14.23 and its two-hundred day moving average is $13.72. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.56 and a current ratio of 0.59. The firm has a market cap of $4.42 billion, a P/E ratio of 10.38 and a beta of 1.44. Air Canada has a 52 week low of $8.56 and a 52 week high of $17.25.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Air Canada had a return on equity of 24.22% and a net margin of 2.92%. Equities research analysts forecast that Air Canada will post 1.66 earnings per share for the current fiscal 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.