Somewhat Critical Media Coverage Extremely Likely to Affect Air Canada (OTCMKTS:ACDVF) Share Price

News coverage about Air Canada (OTCMKTS:ACDVF) has trended somewhat negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Air Canada earned a media sentiment score of -1.58 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have impacted Air Canada’s analysis:

Air Canada stock traded down $0.61 during trading hours on Thursday, reaching $35.62. 1,188 shares of the company were exchanged, compared to its average volume of 6,107. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The stock has a 50-day moving average of $33.41 and a 200 day moving average of $31.03. Air Canada has a 12 month low of $16.48 and a 12 month high of $36.65. The firm has a market cap of $9.64 billion and a price-to-earnings ratio of 14.04.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter. Air Canada had a return on equity of 25.91% and a net margin of 5.74%. The firm had revenue of $3.56 billion during the quarter.

Several brokerages recently commented on ACDVF. JPMorgan Chase & Co. cut Air Canada from an “overweight” rating to a “neutral” rating in a research note on Friday, August 2nd. Macquarie initiated coverage on Air Canada in a research report on Tuesday, October 8th. They set an “outperform” rating for the company. Scotiabank set a $53.00 target price on Air Canada and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Paradigm Capital reaffirmed a “buy” rating on shares of Air Canada in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Air Canada has a consensus rating of “Buy” and an average price target of $53.00.

Air Canada Company Profile

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.

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