Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Here’s Why

Air Canada (OTCMKTS:ACDVF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.08, but opened at $16.01. Air Canada shares last traded at $18.5345, with a volume of 3,300 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on ACDVF. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Scotiabank reissued a “sector perform” rating on shares of Air Canada in a research report on Thursday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Finally, National Bank Financial upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Air Canada presently has a consensus rating of “Hold”.

Air Canada Trading Up 2.0%

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 company has a market capitalization of $5.28 billion, a P/E ratio of 10.20, a PEG ratio of 0.53 and a beta of 1.42. The company’s fifty day simple moving average is $16.70 and its 200-day simple moving average is $14.90.

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.