Air Canada (OTCMKTS:ACDVF) Stock Rating Raised to Strong-Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Air Canada (OTCMKTS:ACDVF) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks reports.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Jefferies Financial Group cut shares of Air Canada from a “hold” rating to an “underperform” rating in a report on Monday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Air Canada Stock Up 0.6%

Shares of OTCMKTS:ACDVF opened at $15.86 on Thursday. The company has a fifty day simple moving average of $19.06 and a 200 day simple moving average of $16.99. The firm has a market cap of $4.01 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. Air Canada has a 12-month low of $12.03 and a 12-month high of $22.52. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.11 by $0.18. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. On average, equities research analysts anticipate that Air Canada will post 0.95 EPS for the current fiscal year.

Air Canada Company Profile

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.