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

Air Canada (OTCMKTS:ACDVF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.27 and last traded at $17.27, with a volume of 2634 shares changing hands. The stock had previously closed at $17.04.

Analysts Set New Price Targets

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

Air Canada Trading Up 0.2%

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 company has a market capitalization of $4.83 billion, a P/E ratio of 9.31, a PEG ratio of 0.70 and a beta of 1.43. The company’s fifty day simple moving average is $14.87 and its 200-day simple moving average is $14.25.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. Research analysts predict that Air Canada will post 0.75 earnings per share for the current year.

Air Canada Company Profile

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.