Air Canada (OTCMKTS:ACDVF) Receives Average Rating of “Buy” from Analysts

Air Canada (OTCMKTS:ACDVF) has received a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $53.00.

A number of research firms have commented on ACDVF. Macquarie began coverage on shares of Air Canada in a research note on Tuesday, October 8th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. upgraded shares of Air Canada from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. Finally, Scotiabank set a $53.00 price objective on shares of Air Canada and gave the company a “buy” rating in a research note on Wednesday, September 18th.

OTCMKTS:ACDVF traded up $0.34 during midday trading on Wednesday, hitting $37.43. 22,428 shares of the company were exchanged, compared to its average volume of 10,369. The company has a fifty day simple moving average of $36.23 and a 200 day simple moving average of $33.01. Air Canada has a fifty-two week low of $16.48 and a fifty-two week high of $38.59. 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 company has a market capitalization of $9.85 billion and a PE ratio of 14.55.

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

About Air Canada

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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