Air Canada (OTCMKTS:ACDVF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Air Canada (OTCMKTS:ACDVF) have earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $52.00.

Several brokerages have recently issued reports on ACDVF. Scotiabank set a $53.00 price target on Air Canada and gave the company a “buy” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. upgraded Air Canada from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 6th. Macquarie began coverage on Air Canada in a research report on Tuesday, October 8th. They set an “outperform” rating on the stock. Finally, Cowen cut Air Canada from an “outperform” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Friday, January 3rd.

ACDVF stock traded down $0.35 during trading on Thursday, hitting $39.56. 5,055 shares of the company’s stock were exchanged, compared to its average volume of 22,327. Air Canada has a 52-week low of $20.82 and a 52-week high of $40.31. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $10.44 billion and a price-to-earnings ratio of 15.47. The business has a 50-day moving average price of $37.70 and a two-hundred day moving average price of $34.66.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Tuesday, October 29th. The company reported $1.72 earnings per share (EPS) for the quarter. Air Canada had a return on equity of 25.91% and a net margin of 5.74%. The business had revenue of $4.21 billion for the quarter.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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Analyst Recommendations for Air Canada (OTCMKTS:ACDVF)

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