Air Canada (OTCMKTS:ACDVF) Reaches New 12-Month High – Here’s Why

Air Canada (OTCMKTS:ACDVF) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.96 and last traded at $17.83, with a volume of 200371 shares. The stock had previously closed at $17.69.

Wall Street Analysts Forecast Growth

ACDVF has been the topic of several recent analyst reports. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Air Canada Stock Up 0.8%

The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.72 and a beta of 1.42. The firm has a fifty day moving average price of $15.47 and a 200 day moving average price of $14.48. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. As a group, sell-side analysts expect that Air Canada will post 0.75 EPS for the current fiscal year.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.