Air Canada (OTCMKTS:ACDVF) Given Consensus Recommendation of "Hold" by Brokerages

Air Canada (OTCMKTS:ACDVF - Get Free Report) has been given an average recommendation of "Hold" by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company.How to invest in airline stocksA number of equities analysts recently issued reports on the company. UBS Group upgraded Air Canada to a "hold" rating in a report on Tuesday, November 18th. National Bankshares downgraded shares of Air Canada from an "outperform" rating to a "sector perform" rating in a report on Tuesday, September 23rd. National Bank Financial lowered shares of Air Canada from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Air Canada in a report on Thursday, October 9th. Finally, Zacks Research upgraded shares of Air Canada to a "hold" rating in a report on Tuesday, August 12th.Check Out Our Latest Stock Analysis on Air CanadaAir Canada Stock PerformanceShares of ACDVF opened at $13.64 on Friday. Air Canada has a one year low of $8.56 and a one year high of $18.45. The company has a market cap of $4.04 billion, a PE ratio of -24.36 and a beta of 1.44. The stock has a 50-day moving average of $13.14 and a 200-day moving average of $13.93. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.59 and a quick ratio of 0.56. Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. On average, equities research analysts predict that Air Canada will post 1.66 EPS for the current fiscal year. Air Canada Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Air CanadaStock Trading Terms - Stock Terms Every Investor Needs to KnowUlta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?Stock Ratings and Recommendations: Understanding Analyst RatingsGates Foundation Sells MSFT Stock—Should Investors Be Worried?Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedMarketBeat Week in Review – 12/1 - 12/5This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Air Canada Right Now?Before you consider Air Canada, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.While Air Canada currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here