Media headlines about Air Canada (OTCMKTS:ACDVF) have trended extremely negative this week, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Air Canada earned a coverage optimism score of -4.17 on their scale. InfoTrie also assigned news headlines about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.
OTCMKTS ACDVF opened at $31.86 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.87 and a current ratio of 0.90. The firm’s 50 day moving average price is $36.07 and its 200-day moving average price is $35.15. Air Canada has a 52-week low of $23.04 and a 52-week high of $40.31. The company has a market cap of $8.80 billion and a PE ratio of 7.79.
A number of research firms have recently issued reports on ACDVF. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price objective on shares of Air Canada in a research note on Wednesday. ValuEngine downgraded shares of Air Canada from a “sell” rating to a “strong sell” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Air Canada from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 6th. Finally, Cowen downgraded shares of Air Canada from an “outperform” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $54.00.
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.
