Air Canada (OTCMKTS:ACDVF) Reaches New 12-Month High – Still a Buy?

Air Canada (OTCMKTS:ACDVF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $17.29 and last traded at $17.29, with a volume of 39781 shares changing hands. The stock had previously closed at $16.81.

Analyst Ratings Changes

Separately, Stifel Canada upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd.

Air Canada Stock Up 2.9 %

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 stock’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $12.69. The stock has a market capitalization of $6.20 billion, a PE ratio of 7.28 and a beta of 2.05.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. Air Canada had a net margin of 11.53% and a return on equity of 133.91%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. As a group, analysts expect that Air Canada will post 2.43 EPS for the current fiscal year.

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.