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

Air Canada (OTCMKTS:ACDVF - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

Wall Street Analysts Forecast Growth

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

Air Canada Stock Performance

The stock has a market cap of $5.39 billion, a P/E ratio of 5.33 and a beta of 1.93. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 5.38. The business has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $12.70.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.31) EPS for the quarter, topping analysts' consensus estimates of ($0.38) by $0.07. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $5.35 billion. Air Canada had a return on equity of 60.31% and a net margin of 7.88%. On average, sell-side analysts forecast 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.