Zacks Research Downgrades Air Canada (OTCMKTS:ACDVF) to Strong Sell

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

ACDVF has been the subject of a number of other reports. Scotiabank cut Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Canaccord Genuity Group cut Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, ATB Cormark Capital Markets cut Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Air Canada has a consensus rating of “Hold”.

Air Canada Stock Down 1.0%

Shares of ACDVF stock traded down $0.14 during mid-day trading on Monday, hitting $13.63. The stock had a trading volume of 2,856 shares, compared to its average volume of 130,632. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53. The firm has a market capitalization of $3.91 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.51 and a beta of 1.42. Air Canada has a 12-month low of $9.94 and a 12-month high of $17.25. The firm’s 50-day moving average is $13.69 and its two-hundred day moving average is $13.68.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.27. The firm 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 22.50% and a net margin of 2.92%. On average, analysts predict that Air Canada will post 0.87 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.