Air Canada (ACDVF) Expected to Release Quarterly Earnings on Tuesday

Air Canada (OTCMKTS:ACDVF) is expected to be issuing its results after the market closes on Tuesday, August 11th. Analysts expect Air Canada to post earnings of $0.09 per share and revenue of $4.3417 billion for the quarter.

Air Canada Price Performance

ACDVF traded up $0.35 during trading on Tuesday, reaching $18.85. The stock had a trading volume of 26,646 shares, compared to its average volume of 167,241. The business has a 50-day moving average of $16.63 and a 200-day moving average of $14.86. Air Canada has a one year low of $12.03 and a one year high of $19.00. 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 stock has a market cap of $5.28 billion, a PE ratio of 10.19, a PEG ratio of 0.52 and a beta of 1.42.

Analysts Set New Price Targets

ACDVF has been the subject of a number of recent research reports. National Bank Financial upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 8th. Finally, Scotiabank restated a “sector perform” rating on shares of Air Canada in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.