Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Time to Sell?

Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Monday. The stock had previously closed at $20.47, but opened at $16.84. Air Canada shares last traded at $18.95, with a volume of 906 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on ACDVF shares. National Bank Financial reissued an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. Scotiabank restated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Air Canada Stock Down 4.2%

The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $5.20 billion, a P/E ratio of 18.20, a PEG ratio of 0.57 and a beta of 1.43. The firm has a 50-day moving average price of $19.60 and a two-hundred day moving average price of $16.45.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. Equities research analysts anticipate that Air Canada will post 0.88 EPS for the current fiscal year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger and cargo air transportation, serving destinations across Canada, the United States, Europe, Asia-Pacific, Latin America, the Caribbean and other international markets. Its principal hubs include Toronto, Montreal, Vancouver and Calgary.

Air Canada operates its mainline network alongside Air Canada Rouge, a leisure-focused carrier, and regional services provided through partner airlines under the Air Canada Express brand.