Air Canada (OTCMKTS:ACDVF) Stock Rating Upgraded by Royal Bank of Canada

Air Canada (OTCMKTS:ACDVF) was upgraded by analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Separately, Jefferies Financial Group downgraded shares of Air Canada to an “underperform” rating in a research report on Tuesday, April 1st.

Air Canada Trading Up 3.9%

Shares of ACDVF stock opened at $13.63 on Monday. The company has a market capitalization of $4.40 billion, a PE ratio of 4.19 and a beta of 1.74. The firm has a 50 day moving average price of $10.38 and a two-hundred day moving average price of $13.35. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. Air Canada has a 12-month low of $8.56 and a 12-month high of $18.56.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.07. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $5.35 billion. As a group, analysts predict that Air Canada will post 1.66 earnings per share for the current year.

About Air Canada

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.