Air Canada (OTCMKTS:ACDVF) Sets New 1-Year High – What’s Next?

Air Canada (OTCMKTS:ACDVF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.29 and last traded at $17.29, with a volume of 39781 shares trading hands. The stock had previously closed at $16.81.

Analyst Ratings Changes

Separately, Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd.

Air Canada Price Performance

The stock has a market capitalization of $6.25 billion, a PE ratio of 7.48 and a beta of 2.05. The firm’s fifty day moving average price is $13.13 and its two-hundred day moving average price is $12.74. 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) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. Air Canada had a return on equity of 133.91% and a net margin of 11.53%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. On average, equities analysts predict that Air Canada will post 2.43 earnings per share for the current year.

Air Canada Company Profile

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.