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

Air Canada (OTCMKTS:ACDVF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $13.63, but opened at $13.00. Air Canada shares last traded at $13.76, with a volume of 4,051 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. ATB Cormark Capital Markets downgraded Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Raymond James Financial downgraded Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Scotiabank downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research note on Sunday, February 15th. Finally, Canaccord Genuity Group downgraded 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 and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Air Canada Price Performance

The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.51 and a beta of 1.42. The business’s 50-day simple moving average is $13.69 and its two-hundred day simple moving average is $13.68. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Thursday, February 12th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.56 billion. Air Canada had a net margin of 2.92% and a return on equity of 22.50%. As a group, research analysts expect that Air Canada will post 0.87 EPS for the current fiscal year.

About Air Canada

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.