Air Canada (OTCMKTS:ACDVF) Trading Up 4.9% – What’s Next?

Air Canada (OTCMKTS:ACDVF) shot up 4.9% during mid-day trading on Tuesday . The stock traded as high as $20.70 and last traded at $20.69. 8,925 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 161,406 shares. The stock had previously closed at $19.73.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a research note on Thursday, August 13th. National Bank Financial restated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Air Canada Stock Performance

The firm has a fifty day moving average price of $18.57 and a 200 day moving average price of $15.79. 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 stock has a market cap of $5.68 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.43.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.34 billion. Research analysts forecast that Air Canada will post 0.88 earnings per share for the current fiscal year.

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.