Air Canada (OTCMKTS:ACDVF) Hits New 12-Month High – Time to Buy?

Shares of Air Canada (OTCMKTS:ACDVF) hit a new 52-week high on Monday . The company traded as high as $17.88 and last traded at $17.57, with a volume of 15709 shares. The stock had previously closed at $17.77.

Analyst Ratings Changes

Separately, Stifel Canada upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd.

Air Canada Stock Down 1.1 %

The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89. The firm’s fifty day moving average price is $14.49 and its two-hundred day moving average price is $13.01. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 3.67 and a beta of 2.05.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. Sell-side analysts forecast that Air Canada will post 2.43 earnings per share for the current fiscal year.

Air Canada Company Profile

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.