Air Canada (OTCMKTS:ACDVF) Shares Up 6.6% – Still a Buy?

Air Canada (OTCMKTS:ACDVF)’s stock price traded up 6.6% on Tuesday. The company traded as high as $16.61 and last traded at $16.55. 1,986 shares were traded during mid-day trading, a decline of 99% from the average session volume of 175,292 shares. The stock had previously closed at $15.53.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Air Canada in a research note on Thursday, August 13th. Canaccord Genuity Group raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Air Canada presently has a consensus rating of “Moderate Buy”.

Air Canada Stock Performance

The company has a debt-to-equity ratio of 3.52, a current ratio of 0.60 and a quick ratio of 0.56. The stock has a market capitalization of $4.16 billion, a PE ratio of 13.00, a P/E/G ratio of 9.38 and a beta of 1.54. The stock has a 50 day moving average of $17.63 and a two-hundred day moving average of $16.15.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. Air Canada had a return on equity of 18.75% and a net margin of 1.22%. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.82 billion. Research analysts expect that Air Canada will post 0.19 EPS for the current fiscal year.

About Air Canada

Air Canada is a Canadian airline that provides scheduled passenger and cargo services. Its operations include domestic and international flights, with service connecting cities across Canada to destinations in the Americas, Europe, Asia and other regions. The company is headquartered in Montreal and is a member of the Star Alliance network. Founded in 1937 as Trans-Canada Air Lines, the company adopted the Air Canada name in 1965. Its services also include regional flights operated under the Air Canada Express brand, leisure travel through Air Canada Vacations, and cargo transportation through Air Canada Cargo.