Air Canada (OTCMKTS:ACDVF) Shares Gap Down – What’s Next?

Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Wednesday . The stock had previously closed at $15.14, but opened at $14.17. Air Canada shares last traded at $15.19, with a volume of 17,147 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, January 21st. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. UBS Group raised Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Air Canada has an average rating of “Hold”.

Air Canada Price Performance

The stock has a 50-day moving average of $13.96 and a two-hundred day moving average of $13.74. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of -27.52 and a beta of 1.44. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $5.54 billion. On average, analysts anticipate that Air Canada will post 1.66 EPS for the current year.

Air Canada Company Profile

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.