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

Air Canada (OTCMKTS:ACDVF)’s share price reached a new 52-week high on Wednesday . The company traded as high as $17.29 and last traded at $17.29, with a volume of 39781 shares traded. The stock had previously closed at $16.81.

Wall Street Analyst Weigh In

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 Trading Up 0.8 %

The stock has a fifty day moving average of $13.13 and a 200-day moving average of $12.74. The company has a market cap of $6.25 billion, a PE ratio of 7.48 and a beta of 2.05. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.81 and a current ratio of 0.85.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.16 by $0.72. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a return on equity of 133.91% and a net margin of 11.53%. Sell-side analysts anticipate that Air Canada will post 2.43 EPS 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.