Air Canada (OTCMKTS:ACDVF) Sets New 52-Week Low – Time to Sell?

Air Canada (OTCMKTS:ACDVF) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.03 and last traded at $13.94, with a volume of 1828 shares. The stock had previously closed at $13.96.

Analyst Ratings Changes

A number of research analysts have weighed in on ACDVF shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. ATB Cormark Capital Markets lowered shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Finally, Canaccord Genuity Group cut Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Air Canada Stock Down 0.2%

The company has a market capitalization of $3.91 billion, a P/E ratio of 7.52, a PEG ratio of 1.23 and a beta of 1.38. The firm’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.76. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Equities research analysts forecast that Air Canada will post 0.37 EPS for the current year.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.