Air Canada (OTCMKTS:ACDVF) Stock Price Down 5% – Here’s What Happened

Air Canada (OTCMKTS:ACDVF)’s stock price was down 5% during trading on Friday. The stock traded as low as $18.4050 and last traded at $18.62. Approximately 1,308 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 173,110 shares. The stock had previously closed at $19.59.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ACDVF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a research note on Thursday, August 13th. Finally, BMO Capital Markets restated 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Air Canada presently has an average rating of “Moderate Buy”.

Air Canada Stock Down 5.9%

The stock has a market cap of $5.40 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 3.52. The company has a 50-day simple moving average of $19.54 and a two-hundred day simple moving average of $16.41.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.18. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. On average, equities analysts forecast that Air Canada will post 0.88 EPS for the current year.

Air Canada Company Profile

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger and cargo air transportation, serving destinations across Canada, the United States, Europe, Asia-Pacific, Latin America, the Caribbean and other international markets. Its principal hubs include Toronto, Montreal, Vancouver and Calgary.

Air Canada operates its mainline network alongside Air Canada Rouge, a leisure-focused carrier, and regional services provided through partner airlines under the Air Canada Express brand.