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

Air Canada (OTCMKTS:ACDVF)’s share price gapped down before the market opened 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.

Analyst Ratings Changes

A number of research firms have weighed in on ACDVF. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Finally, Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air Canada Stock Performance

The firm has a fifty day moving average price of $13.74 and a 200 day moving average price of $13.67. 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 stock has a market cap of $4.00 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.20 by $0.27. Air Canada had a return on equity of 22.50% and a net margin of 2.92%.The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $5.56 billion. Research analysts forecast that Air Canada will post 1.66 earnings per share 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.