Air Canada (OTCMKTS:ACDVF) Downgraded by Canaccord Genuity Group to “Hold”

Air Canada (OTCMKTS:ACDVF) was downgraded by Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

ACDVF has been the subject of several other reports. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Air Canada Stock Performance

Shares of ACDVF stock opened at $12.07 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market cap of $3.54 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.24 and a beta of 1.39. The firm’s 50 day moving average price is $14.29 and its 200-day moving average price is $13.74. Air Canada has a one year low of $8.56 and a one year high of $17.25.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.27. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. As a group, equities research analysts predict 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.