Air Canada (OTCMKTS:ACDVF) Trading Down 5.2% – Should You Sell?

Air Canada (OTCMKTS:ACDVF)’s share price traded down 5.2% during trading on Thursday . The company traded as low as $12.84 and last traded at $12.84. 10,398 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 132,862 shares. The stock had previously closed at $13.55.

Wall Street Analyst Weigh In

A number of equities 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. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Air Canada Trading Down 4.9%

The stock has a market capitalization of $3.77 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.39. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The firm has a 50-day moving average price of $13.99 and a 200-day moving average price of $13.65.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.27. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. As a group, equities analysts forecast that Air Canada will post 1.66 EPS for the current fiscal 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.