Air Canada (OTCMKTS:ACDVF) Shares Gap Down – What’s Next?

Air Canada (OTCMKTS:ACDVF) shares 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 equities research analysts recently commented on ACDVF shares. Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Tuesday, February 17th. UBS Group raised Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. Finally, ATB Cormark Capital Markets downgraded Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Air Canada Trading Down 2.9%

The firm’s 50-day simple moving average is $14.35 and its 200 day simple moving average is $13.76. The stock has a market cap of $4.38 billion, a P/E ratio of 10.30, a PEG ratio of 0.29 and a beta of 1.44. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99.

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