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

Shares of Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Wednesday . The stock had previously closed at $13.9670, but opened at $13.11. Air Canada shares last traded at $14.00, with a volume of 499 shares.

Analyst Upgrades and Downgrades

ACDVF has been the topic of several research analyst reports. National Bank Financial lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Zacks Research downgraded shares of Air Canada from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. UBS Group upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Finally, National Bankshares downgraded Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Air Canada Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99. The stock’s 50 day moving average price is $13.65 and its two-hundred day moving average price is $13.94. The firm has a market capitalization of $4.11 billion, a PE ratio of -24.93 and a beta of 1.46.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.54 billion. On average, equities analysts expect that Air Canada will post 1.66 earnings per share 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.