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

Stifel Canada upgraded shares of Air Canada (OTCMKTS:ACDVF) from a hold rating to a strong-buy rating in a research note published on Sunday morning, Zacks.com reports. Stifel Canada also issued estimates for Air Canada’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $2.67 EPS and FY2025 earnings at $2.50 EPS.

Air Canada Stock Up 3.9 %

OTCMKTS ACDVF opened at $16.62 on Friday. 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 company has a market cap of $5.96 billion, a price-to-earnings ratio of 3.43 and a beta of 2.05. The company has a 50 day moving average of $12.59 and a 200-day moving average of $12.66. Air Canada has a 1-year low of $10.16 and a 1-year high of $16.65.

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