Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Time to Sell?

Shares of Air Canada (OTCMKTS:ACDVF) gapped down prior to trading on Tuesday . The stock had previously closed at $13.5730, but opened at $12.94. Air Canada shares last traded at $13.58, with a volume of 5,196 shares changing hands.

Analyst Upgrades and Downgrades

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

Air Canada Trading Down 1.9%

The company has a debt-to-equity ratio of 3.99, a current ratio of 0.59 and a quick ratio of 0.56. The company has a market capitalization of $4.04 billion, a P/E ratio of -24.34 and a beta of 1.44. The firm has a fifty day moving average price of $13.12 and a 200-day moving average price of $13.92.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $5.54 billion. Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%. On average, equities research analysts anticipate that Air Canada will post 1.66 earnings per share for the current year.

Air Canada Company Profile

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.