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

by · The Cerbat Gem

Shares of Air Canada (OTCMKTS:ACDVF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $13.64, but opened at $13.02. Air Canada shares last traded at $13.55, with a volume of 1,953 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACDVF. Zacks Research upgraded Air Canada to a “hold” rating in a research note on Tuesday, August 12th. UBS Group upgraded Air Canada to a “hold” rating in a report on Tuesday, November 18th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. National Bank Financial lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, National Bankshares downgraded shares of Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Air Canada has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Air Canada

Air Canada Price 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 company has a 50 day moving average of $13.14 and a 200-day moving average of $13.93. The stock has a market capitalization of $3.98 billion, a P/E ratio of -23.98 and a beta of 1.44.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last posted its quarterly 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). Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $5.54 billion. Sell-side analysts predict that Air Canada will post 1.66 EPS for the current year.

Air Canada Company Profile

(Get Free Report)

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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