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

Air Canada (OTCMKTS:ACDVF)’s share price hit a new 52-week high during trading on Tuesday . The company 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 Ratings Changes

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

Air Canada Stock Up 0.4%

The firm has a market capitalization of $5.31 billion, a P/E ratio of 10.24, a PEG ratio of 0.54 and a beta of 1.42. The firm’s 50-day moving average is $16.76 and its 200 day moving average is $14.93. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56.

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.