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

Air Canada (OTCMKTS:ACDVF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.28, but opened at $14.40. Air Canada shares last traded at $14.99, with a volume of 4,931 shares.

Analyst Ratings Changes

A number of analysts have issued reports on ACDVF shares. ATB Cormark Capital Markets downgraded shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. UBS Group raised Air Canada to a “hold” rating in a report on Tuesday, November 18th. Finally, Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Canada has a consensus rating of “Hold”.

Air Canada Price Performance

The business’s 50 day moving average is $14.41 and its 200-day moving average is $13.77. The firm has a market capitalization of $4.47 billion, a P/E ratio of 10.50, a PEG ratio of 0.28 and a beta of 1.44. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 3.99.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.27. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Air Canada had a return on equity of 24.22% and a net margin of 2.92%. As a group, sell-side analysts predict that Air Canada will post 1.66 EPS for the current fiscal 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.