Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Time to Sell?

Shares of Air Canada (OTCMKTS:ACDVF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $17.33, but opened at $14.01. Air Canada shares last traded at $16.53, with a volume of 2,794 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Scotiabank downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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Air Canada Stock Up 0.8%

The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The firm’s 50 day moving average price is $15.30 and its two-hundred day moving average price is $14.42. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. Sell-side analysts anticipate that Air Canada will post 0.75 earnings per share for the current fiscal year.

About Air Canada

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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.

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