Air Canada (OTCMKTS:ACDVF) Announces Quarterly Earnings Results

Air Canada (OTCMKTS:ACDVF) announced its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18, Zacks reports. Air Canada had a net margin of 11.53% and a return on equity of 82.89%.

Air Canada Stock Performance

Shares of ACDVF stock opened at $12.85 on Friday. The company has a 50 day moving average price of $14.95 and a 200-day moving average price of $13.86. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $4.37 billion, a PE ratio of 2.65 and a beta of 2.10. Air Canada has a 52 week low of $10.16 and a 52 week high of $18.56.

Analysts Set New Price Targets

Separately, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.