Air Canada (OTCMKTS:ACDVF) Releases Earnings Results

Air Canada (OTCMKTS:ACDVF) posted its quarterly earnings results on Friday. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.72, reports. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a net margin of 7.95% and a return on equity of 188.94%.

Air Canada Trading Up 14.0 %

ACDVF stock opened at $15.43 on Monday. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 4.82 and a beta of 2.04. The business has a 50 day simple moving average of $12.33 and a two-hundred day simple moving average of $12.61. Air Canada has a 1-year low of $10.16 and a 1-year high of $15.43.

Analyst Upgrades and Downgrades

Separately, Stifel Canada upgraded Air Canada to a “hold” rating in a research note on Tuesday, October 15th.

About Air Canada

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.