Air Canada (OTCMKTS:ACDVF) Shares Gap Up - Should You Buy?

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $16.32, but opened at $17.18. Air Canada shares last traded at $16.16, with a volume of 5,291 shares.

Wall Street Analyst Weigh In

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

Air Canada Price Performance

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's 50-day moving average is $14.32 and its two-hundred day moving average is $12.72. The company has a market capitalization of $5.03 billion, a P/E ratio of 4.98 and a beta of 1.93.

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