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

Air Canada (OTCMKTS:ACDVF - Get Free Report) was upgraded by stock analysts at Stifel Canada from a "hold" rating to a "strong-buy" rating in a research note issued on Sunday, Zacks.com reports.

Air Canada Trading Up 2.6 %

ACDVF traded up $0.40 during trading on Friday, hitting $16.00. The company's stock had a trading volume of 153,610 shares, compared to its average volume of 232,287. The firm has a market capitalization of $5.74 billion, a P/E ratio of 3.22 and a beta of 2.05. Air Canada has a twelve month low of $10.16 and a twelve month high of $16.02. The stock's fifty day moving average price is $12.41 and its 200-day moving average price is $12.62. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 9.32.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.10. The company had revenue of $4.03 billion for the quarter. Air Canada had a net margin of 11.53% and a return on equity of 133.91%. Analysts anticipate that Air Canada will post 1.65 EPS 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.