Air Canada (OTCMKTS:ACDVF) Sets New 1-Year High – Still a Buy?

Air Canada (OTCMKTS:ACDVF)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $15.43 and last traded at $15.43, with a volume of 195903 shares. The stock had previously closed at $13.53.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, October 15th.

Air Canada Trading Up 14.0 %

The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 9.32. The firm’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $12.61. The stock has a market capitalization of $5.53 billion, a P/E ratio of 4.82 and a beta of 2.07.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.10. The firm had revenue of $4.03 billion for the quarter. Air Canada had a return on equity of 188.94% and a net margin of 7.95%. Equities research analysts anticipate that Air Canada will post 1.65 EPS for the current fiscal year.

About Air Canada

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.