Air Canada (OTCMKTS:ACDVF) Reaches New 1-Year High – Still a Buy?

Air Canada (OTCMKTS:ACDVF – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $17.96 and last traded at $17.83, with a volume of 200371 shares changing hands. The stock had previously closed at $17.69.

Analyst Ratings Changes

ACDVF has been the subject of a number of recent analyst reports. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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View Our Latest Analysis on ACDVF

Air Canada Trading Up 0.8%

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 firm has a market cap of $4.99 billion, a P/E ratio of 9.64, a PEG ratio of 0.72 and a beta of 1.42. The company has a 50 day moving average of $15.47 and a 200 day moving average of $14.48.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. The business 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%. Analysts predict that Air Canada will post 0.75 EPS for the current fiscal year.

About Air Canada

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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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