Air Canada (OTCMKTS:ACDVF) Shares Down 5.2% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ACDVF shares. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Raymond James Financial lowered shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. ATB Cormark Capital Markets downgraded shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Scotiabank cut 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 downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Air Canada Trading Down 4.9%

The firm’s 50 day moving average is $13.99 and its two-hundred day moving average is $13.65. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The company has a market cap of $3.77 billion, a P/E ratio of 8.88, a PEG ratio of 0.24 and a beta of 1.39.

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