Air Canada (OTCMKTS:ACDVF) Shares Down 4.2% – Should You Sell?

Air Canada (OTCMKTS:ACDVF – Get Free Report)’s share price traded down 4.2% during mid-day trading on Thursday . The stock traded as low as $19.84 and last traded at $19.91. 915 shares were traded during trading, a decline of 99% from the average daily volume of 163,330 shares. The stock had previously closed at $20.78.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 19th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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View Our Latest Analysis on ACDVF

Air Canada Trading Down 1.6%

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 firm has a fifty day moving average price of $18.39 and a 200 day moving average price of $15.66. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 0.59 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.34 billion. As a group, equities analysts predict that Air Canada will post 0.88 EPS for the current fiscal year.

About Air Canada

(Get Free Report)

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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