Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Should You Sell?

Air Canada (OTCMKTS:ACDVF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.36, but opened at $12.6501. Air Canada shares last traded at $13.57, with a volume of 2,490 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on ACDVF. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 30th. National Bank Financial cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Finally, Zacks Research raised shares of Air Canada to a “hold” rating in a research report on Tuesday, August 12th. Two equities 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Air Canada Price Performance

The company has a 50-day moving average of $13.10 and a 200-day moving average of $13.92. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.60 and a current ratio of 0.63. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -24.39 and a beta of 1.90.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.56%. As a group, research analysts anticipate that Air Canada will post 1.66 EPS for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.