Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Here’s What Happened

Shares of Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Thursday . The stock had previously closed at $14.13, but opened at $13.41. Air Canada shares last traded at $13.91, with a volume of 4,504 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ACDVF shares. UBS Group upgraded shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Scotiabank reiterated an “outperform” rating on shares of Air Canada in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Air Canada presently has a consensus rating of “Hold”.

Air Canada Trading Down 0.9%

The company has a market cap of $4.12 billion, a price-to-earnings ratio of -25.00 and a beta of 1.46. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.56 and a current ratio of 0.59. The business’s 50 day moving average price is $13.86 and its 200-day moving average price is $13.80.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.22%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $5.54 billion. On average, research analysts forecast that Air Canada will post 1.66 EPS for the current year.

Air Canada Company Profile

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.