Air Canada (OTCMKTS:ACDVF) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Shares of Air Canada (OTCMKTS:ACDVF - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.07 and traded as low as $13.86. Air Canada shares last traded at $13.86, with a volume of 139,412 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Canada raised Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd.

Air Canada Price Performance

The company has a 50-day moving average price of $16.07 and a 200-day moving average price of $13.78. The firm has a market capitalization of $4.71 billion, a P/E ratio of 2.86 and a beta of 2.12. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.72. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.48 billion. On average, sell-side analysts predict that Air Canada will post 2.51 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.