Air Canada (OTCMKTS:ACDVF) Stock Jumps 6.6% – Time to Buy?

Air Canada (OTCMKTS:ACDVF)’s share price shot up 6.6% during trading on Tuesday. The stock traded as high as $16.61 and last traded at $16.55. Approximately 1,986 shares traded hands 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 analysts have recently weighed in on ACDVF shares. Canaccord Genuity Group raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Jefferies Financial Group lowered shares of Air Canada from a “hold” rating to an “underperform” rating in a report on Monday, October 19th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. Finally, Scotiabank restated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Air Canada Stock Down 1.5%

The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 4.75 and a beta of 1.54. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.56 and a current ratio of 0.60. The firm’s 50-day simple moving average is $17.77 and its two-hundred day simple moving average is $16.13.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Thursday, October 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. Air Canada had a net margin of 1.22% and a return on equity of 18.75%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.82 billion. On average, sell-side analysts expect that Air Canada will post 0.24 EPS for the current fiscal year.

Air Canada Company Profile

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.

Air Canada serves travelers through its mainline and regional operations and offers the Aeroplan loyalty program.