Air Canada (OTCMKTS:ACDVF - Get Free Report) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 5,880,000 shares, a decrease of 35.2% from the October 31st total of 9,070,700 shares. Based on an average daily volume of 418,400 shares, the short-interest ratio is currently 14.1 days.
Air Canada Price Performance
Air Canada stock traded down $0.03 during midday trading on Friday, hitting $17.55. The company's stock had a trading volume of 122,221 shares, compared to its average volume of 331,224. The stock's 50-day moving average price is $14.37 and its 200-day moving average price is $13.00. The company has a market capitalization of $6.29 billion, a PE ratio of 3.63 and a beta of 2.05. 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 $17.85.
Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.72. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. Analysts anticipate that Air Canada will post 2.43 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research report on Sunday, November 3rd.
View Our Latest Research Report on Air Canada
About Air Canada
(
Get Free Report)
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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