Air Canada (OTCMKTS:ACDVF) Rating Increased to Strong-Buy at Stifel Canada

Air Canada (OTCMKTS:ACDVF) was upgraded by stock analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating in a report released on Sunday, Zacks.com reports.

Air Canada Trading Up 1.1 %

OTCMKTS:ACDVF opened at $15.60 on Friday. The company has a market capitalization of $5.59 billion, a P/E ratio of 6.68 and a beta of 2.05. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 9.32. The firm has a fifty day simple moving average of $12.41 and a 200-day simple moving average of $12.62. Air Canada has a 12 month low of $10.16 and a 12 month high of $15.78.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.72. Air Canada had a return on equity of 133.91% and a net margin of 11.53%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. On average, equities research analysts anticipate that Air Canada will post 1.65 earnings per share for the current year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.