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

Shares of Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Thursday . The stock had previously closed at $14.13, but opened at $13.41. Air Canada shares last traded at $13.91, with a volume of 4,504 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a report on Wednesday, January 21st. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group raised Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air Canada Stock Down 1.1%

The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 3.99. The business has a 50-day simple moving average of $13.90 and a 200-day simple moving average of $13.78. The stock has a market cap of $4.08 billion, a P/E ratio of -24.73 and a beta of 1.46.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $5.54 billion. Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%. Analysts expect that Air Canada will post 1.66 EPS 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.