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

Air Canada (OTCMKTS:ACDVF)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $17.99 and last traded at $17.99, with a volume of 70809 shares trading hands. The stock had previously closed at $17.15.

Analyst Ratings Changes

Several research firms have weighed in on ACDVF. National Bank Financial upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Air Canada in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air Canada Trading Up 5.9%

The company has a market cap of $5.09 billion, a PE ratio of 9.82, a PEG ratio of 0.49 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The company has a 50 day simple moving average of $16.24 and a two-hundred day simple moving average of $14.71.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. Sell-side analysts forecast that Air Canada will post 1.02 EPS for the current year.

Air Canada Company Profile

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.