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

Air Canada (OTCMKTS:ACDVF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $13.09, but opened at $13.60. Air Canada shares last traded at $13.64, with a volume of 842 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 30th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. National Bankshares lowered shares of Air Canada from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 23rd. National Bank Financial downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Zacks Research raised Air Canada to a “hold” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Air Canada presently has a consensus rating of “Hold”.

Air Canada Trading Down 1.6%

The stock has a market cap of $3.94 billion, a PE ratio of -23.77 and a beta of 1.90. The firm has a 50-day moving average price of $13.21 and a 200-day moving average price of $13.77. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.60 and a current ratio of 0.63.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $5.54 billion. Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.56%. As a group, equities analysts anticipate that Air Canada will post 1.66 EPS for the current fiscal year.

About Air Canada

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.