Shares of Air Canada (OTCMKTS:ACDVF – Get Rating) have been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.
Several brokerages have recently issued reports on ACDVF. Scotiabank raised their price objective on Air Canada from C$29.00 to C$31.00 in a research note on Tuesday, February 22nd. TD Securities raised their price objective on Air Canada from C$29.00 to C$30.00 in a research note on Wednesday, April 27th. Royal Bank of Canada raised their price objective on Air Canada from C$23.00 to C$24.00 in a research note on Tuesday, February 22nd. National Bank Financial reduced their price objective on Air Canada from C$30.00 to C$28.00 in a research note on Thursday, January 27th. Finally, Canaccord Genuity Group lifted their price target on Air Canada from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Thursday, March 31st.
OTCMKTS ACDVF traded down $0.29 during trading on Friday, hitting $16.12. The company’s stock had a trading volume of 13,445 shares, compared to its average volume of 70,993. The company has a debt-to-equity ratio of 1,723.47, a current ratio of 1.45 and a quick ratio of 1.42. The company has a market cap of $5.77 billion, a PE ratio of -2.19 and a beta of 2.08. The business’s 50 day simple moving average is $17.97 and its 200-day simple moving average is $17.97. Air Canada has a fifty-two week low of $14.95 and a fifty-two week high of $24.58.
About Air Canada (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Air Canada (ACDVF)
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