Air Canada (OTCMKTS:ACDVF) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s stock 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 trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ACDVF shares. Jefferies Financial Group lowered shares of Air Canada to an "underperform" rating in a research report 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 Stock Performance

The company has a market cap of $5.39 billion, a P/E ratio of 5.33 and a beta of 1.93. The stock has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $12.67. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 5.38.

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