Air Canada (OTCMKTS:ACDVF) Hits New 52-Week High – Still a Buy?

Air Canada (OTCMKTS:ACDVF)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.21 and last traded at $19.20, with a volume of 4585 shares traded. The stock had previously closed at $18.48.

Analyst Ratings Changes

Several research firms have issued reports on ACDVF. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. National Bank Financial upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 8th. Finally, Scotiabank restated a “sector perform” rating on shares of Air Canada in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Air Canada has a consensus rating of “Hold”.

Air Canada Stock Up 3.3%

The company has a market cap of $5.35 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53. The firm has a 50-day moving average price of $16.94 and a 200 day moving average price of $15.04.

About Air Canada

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.