Air Canada (OTCMKTS:ACDVF) Stock Price Crosses Above 50-Day Moving Average - Time to Sell?

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.74 and traded as high as $16.40. Air Canada shares last traded at $16.37, with a volume of 162,386 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACDVF. Jefferies Financial Group lowered shares of Air Canada to an "underperform" rating in a research note on Tuesday, April 1st. Royal Bank Of Canada upgraded shares of Air Canada from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th.

Air Canada Trading Up 4.2%

The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 5.45 and a beta of 1.93. The business's 50 day moving average price is $13.88 and its 200-day moving average price is $12.70. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.67 and a current ratio of 0.70.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.07. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $5.35 billion. Air Canada had a net margin of 7.88% and a return on equity of 60.31%. Equities analysts expect that Air Canada will post 1.66 EPS for the current year.

Air Canada Company Profile

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.