Air Canada (OTCMKTS:ACDVF) Downgraded to “Sector Perform” at National Bank Financial

Air Canada (OTCMKTS:ACDVF) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday, The Fly reports.

Several other equities research analysts have also commented on the stock. Cowen raised shares of Air Canada from a “market perform” rating to an “outperform” rating in a research report on Monday, January 11th. Raymond James reduced their price target on shares of Air Canada from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, February 16th. TD Securities lowered shares of Air Canada from a “buy” rating to a “hold” rating in a research report on Tuesday, March 16th. Royal Bank of Canada reduced their price target on shares of Air Canada from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, February 16th. Finally, Bank of America raised shares of Air Canada from a “neutral” rating to a “buy” rating in a report on Friday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Air Canada currently has an average rating of “Buy” and an average target price of $27.13.

OTCMKTS ACDVF opened at $21.94 on Thursday. Air Canada has a 52 week low of $9.10 and a 52 week high of $24.82. The firm has a market capitalization of $7.37 billion, a P/E ratio of -2.45 and a beta of 2.71. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 6.51. The company has a 50-day moving average price of $21.21 and a 200-day moving average price of $17.16.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Friday, February 12th. The company reported ($3.13) EPS for the quarter. Air Canada had a negative net margin of 34.54% and a negative return on equity of 86.60%. The business had revenue of $634.62 million 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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The Fly

Analyst Recommendations for Air Canada (OTCMKTS:ACDVF)

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