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

Air Canada (OTCMKTS:ACDVF)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $19.00 and last traded at $18.83, with a volume of 11300 shares. The stock had previously closed at $18.4975.

Analyst Upgrades and Downgrades

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

Air Canada Stock Performance

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 firm’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $14.86. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.52 and a beta of 1.42.

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.