Stifel Canada Upgrades Air Canada (OTCMKTS:ACDVF) to Strong-Buy

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

Air Canada Trading Up 1.1 %

OTCMKTS:ACDVF opened at $15.60 on Friday. The stock has a fifty day moving average price of $12.41 and a two-hundred day moving average price of $12.62. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 4.87 and a beta of 2.04. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.81 and a current ratio of 0.85. Air Canada has a 1 year low of $10.16 and a 1 year high of $15.78.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results 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. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a return on equity of 188.94% and a net margin of 7.95%. As a group, sell-side analysts anticipate that Air Canada will post 1.65 earnings per share for the current fiscal 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.