Air Canada (OTCMKTS:ACDVF - Get Free Report) issued its earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18, Zacks reports. Air Canada had a net margin of 11.53% and a return on equity of 82.89%.
Air Canada stock traded up $0.18 during mid-day trading on Thursday, reaching $12.85. 231,254 shares of the company's stock traded hands, compared to its average volume of 295,467. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 2.65 and a beta of 2.10. The stock has a 50 day moving average of $14.95 and a two-hundred day moving average of $13.86. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. Air Canada has a 12-month low of $10.16 and a 12-month high of $18.56.
Separately, Stifel Canada raised shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd.
View Our Latest Stock Analysis on Air Canada
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.
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