Shares of Air Canada (OTCMKTS:ACDVF – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $17.55 and last traded at $17.55, with a volume of 1335 shares traded. The stock had previously closed at $17.39.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Canaccord Genuity Group lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.
Check Out Our Latest Analysis on Air Canada
Air Canada Stock Up 0.7%
Air Canada (OTCMKTS:ACDVF – Get Free Report) last announced 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 for 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%. As a group, sell-side analysts forecast that Air Canada will post 0.75 earnings per share for the current 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.
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