Air Canada (OTCMKTS:ACDVF) Reaches New 1-Year High After Analyst Upgrade

Shares of Air Canada (OTCMKTS:ACDVF) hit a new 52-week high during mid-day trading on Wednesday after National Bank Financial upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $17.96 and last traded at $17.83, with a volume of 200371 shares. The stock had previously closed at $17.69.

ACDVF has been the topic of several other reports. Scotiabank downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Canaccord Genuity Group cut Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Key Stories Impacting Air Canada

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Air Canada appointed Anko Van der Werff as its next CEO, a move seen as potentially stabilizing leadership and addressing prior criticism over French-language concerns. Air Canada Announces Appointment of Anko Van der Werff as President and Chief Executive Officer
• Positive Sentiment: National Bank Financial reportedly upgraded Air Canada from hold to strong-buy, reinforcing the bullish reaction to the leadership change. Zacks.com
• Positive Sentiment: Some commentary says Air Canada still looks undervalued after the new CEO appointment, suggesting room for multiple expansion if execution improves. Air Canada (TSX:AC) Stock Still Looks Undervalued After New CEO Appointment
• Neutral Sentiment: Air Canada Foundation reported a record-breaking $1.5 million raised at its annual golf tournament and lifetime contributions above $20 million, which is positive for corporate image but likely limited in direct stock impact. Air Canada Foundation’s 14th Annual Golf Tournament Raises Record Breaking $1.5 Million, Celebrates Lifetime Impact Surpassing $20 Million
• Neutral Sentiment: One analyst note maintained a Hold rating with a $26 price target, which suggests the stock still has mixed sentiment despite the leadership announcement. Air Canada: Hold Rating Reaffirmed as Leadership Transition Begins; $26 Price Target Maintained

Air Canada Trading Up 0.6%

The stock has a 50-day moving average of $15.64 and a 200 day moving average of $14.53. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The stock has a market cap of $4.93 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, sell-side analysts anticipate that Air Canada will post 0.75 earnings per share for the current year.

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.