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

Shares of Air Canada (OTCMKTS:ACDVF) hit a new 52-week high during trading on Thursday . The company traded as high as $17.09 and last traded at $16.71, with a volume of 42008 shares trading hands. The stock had previously closed at $16.62.

Analyst Upgrades and Downgrades

Separately, Stifel Canada upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday.

Air Canada Stock Performance

The stock has a market capitalization of $5.99 billion, a P/E ratio of 3.43 and a beta of 2.05. The stock’s 50-day simple moving average is $12.59 and its 200 day simple moving average is $12.66. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.85 and a quick ratio of 0.81.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data 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. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 133.91%. Research analysts expect that Air Canada will post 1.65 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.