Air Canada (OTCMKTS:ACDVF) Stock Falls 6.7% – Time to Sell?

Shares of Air Canada (OTCMKTS:ACDVF) traded down 6.7% during trading on Monday. The stock traded as low as $14.80 and last traded at $14.80. Approximately 2,054 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 180,508 shares. The stock had previously closed at $15.86.

Wall Street Analysts Forecast Growth

ACDVF has been the topic of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Jefferies Financial Group downgraded shares of Air Canada from a “hold” rating to an “underperform” rating in a report on Monday. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 15th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Air Canada has an average rating of “Hold”.

Air Canada Stock Up 1.6%

The firm has a fifty day moving average price of $19.31 and a 200 day moving average price of $16.95. 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 cap of $3.88 billion, a P/E ratio of 15.07, a PEG ratio of 0.41 and a beta of 1.45.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share 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 net margin of 1.82% and a return on equity of 20.11%. Equities research analysts forecast that Air Canada will post 0.95 earnings per share for the current year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.