Air Canada (OTCMKTS:ACDVF) Hits New 52-Week Low – Here’s Why

Shares of Air Canada (OTCMKTS:ACDVF) reached a new 52-week low during trading on Thursday . The stock traded as low as $12.03 and last traded at $13.94, with a volume of 1828 shares traded. The stock had previously closed at $13.96.

Wall Street Analysts Forecast Growth

ACDVF has been the subject of several recent analyst reports. Zacks Research cut shares of Air Canada from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. ATB Cormark Capital Markets cut shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Finally, Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Air Canada Price Performance

The stock’s fifty day moving average price is $13.36 and its 200-day moving average price is $13.76. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market cap of $3.92 billion, a PE ratio of 7.54, a P/E/G ratio of 1.22 and a beta of 1.38.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. As a group, equities analysts forecast that Air Canada will post 0.37 EPS for the current fiscal 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.