Air Canada (OTCMKTS:ACDVF) Hits New 12-Month High – Should You Buy?

Shares of Air Canada (OTCMKTS:ACDVF) hit a new 52-week high on Wednesday . The company traded as high as $17.27 and last traded at $17.27, with a volume of 2634 shares trading hands. The stock had previously closed at $17.04.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Scotiabank cut Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Air Canada currently has a consensus rating of “Hold”.

Air Canada Stock Up 1.2%

The business has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $14.20. 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 stock has a market cap of $4.83 billion, a PE ratio of 9.32, a P/E/G ratio of 0.69 and a beta of 1.43.

Air Canada (OTCMKTS:ACDVF) last issued its 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 company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. On average, equities research analysts forecast that Air Canada will post 0.75 EPS for the current fiscal 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.