Air Canada (OTCMKTS:ACDVF) Trading Down 4.2% – Here’s What Happened

Air Canada (OTCMKTS:ACDVF) shares dropped 4.2% during mid-day trading on Thursday . The stock traded as low as $19.84 and last traded at $19.91. Approximately 915 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 163,330 shares. The stock had previously closed at $20.78.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ACDVF shares. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 19th. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Air Canada Stock Performance

The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The stock has a fifty day moving average of $18.27 and a 200-day moving average of $15.60. The stock has a market cap of $5.64 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%. On average, equities analysts forecast that Air Canada will post 0.88 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.