Air Canada (OTCMKTS:ACDVF) Hits New 1-Year High – Here’s What Happened

Air Canada (OTCMKTS:ACDVF)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $17.85 and last traded at $17.68, with a volume of 29232 shares changing hands. The stock had previously closed at $17.27.

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 Price Performance

The stock has a fifty day moving average of $14.26 and a two-hundred day moving average of $12.96. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 3.63 and a beta of 2.05. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.16 by $0.72. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. On average, equities research analysts anticipate that Air Canada will post 2.43 earnings per share for the current 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.