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

Air Canada (OTCMKTS:ACDVF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $14.22, but opened at $13.34. Air Canada shares last traded at $14.0701, with a volume of 1,617 shares.

Analyst Ratings Changes

ACDVF has been the topic of several research analyst reports. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research report on Wednesday. UBS Group upgraded shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Finally, Zacks Research cut shares of Air Canada from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Air Canada has an average rating of “Hold”.

Air Canada Stock Performance

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 firm has a 50-day simple moving average of $13.76 and a 200 day simple moving average of $13.88. The company has a market cap of $4.16 billion, a price-to-earnings ratio of -25.23 and a beta of 1.46.

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