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

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

Analyst Ratings Changes

Several brokerages have recently weighed in on ACDVF. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, July 8th. National Bank Financial raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Scotiabank reissued a “sector perform” rating on shares of Air Canada in a research note on Thursday, July 16th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Air Canada Trading Up 1.9%

The company has a 50 day moving average of $16.63 and a two-hundred day moving average of $14.86. 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 capitalization of $5.28 billion, a PE ratio of 10.19, a P/E/G ratio of 0.52 and a beta of 1.42.

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.