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

Air Canada (OTCMKTS:ACDVF) shares gapped down before the market opened on Thursday . The stock had previously closed at $20.95, but opened at $19.67. Air Canada shares last traded at $20.2940, with a volume of 1,803 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on ACDVF. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. National Bank Financial reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Air Canada Stock Performance

The stock has a fifty day moving average of $19.02 and a 200-day moving average of $16.04. The firm has a market capitalization of $5.57 billion, a P/E ratio of 19.49, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a net margin of 1.82% and a return on equity of 21.51%. On average, research analysts anticipate that Air Canada will post 0.88 EPS for the current year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger and cargo air transportation, serving destinations across Canada, the United States, Europe, Asia-Pacific, Latin America, the Caribbean and other international markets. Its principal hubs include Toronto, Montreal, Vancouver and Calgary.

Air Canada operates its mainline network alongside Air Canada Rouge, a leisure-focused carrier, and regional services provided through partner airlines under the Air Canada Express brand.