Air Canada (OTCMKTS:ACDVF) Hits New 12-Month High – What’s Next?

Air Canada (OTCMKTS:ACDVF)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $17.09 and last traded at $16.71, with a volume of 42008 shares trading hands. The stock had previously closed at $16.62.

Analyst Ratings Changes

Separately, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday.

Air Canada Stock Up 0.6 %

The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 3.43 and a beta of 2.05. The business’s 50-day moving average is $12.59 and its two-hundred day moving average is $12.66.

Air Canada (OTCMKTS:ACDVF) last released 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. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 133.91%. On average, equities analysts anticipate that Air Canada will post 1.65 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.