Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Here’s What Happened

Air Canada (OTCMKTS:ACDVF) shares gapped down before the market opened on Monday . The stock had previously closed at $16.53, but opened at $13.71. Air Canada shares last traded at $16.03, with a volume of 2,893 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. National Bank Financial upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Air Canada in a research note on Thursday, July 16th. Finally, Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Air Canada Trading Down 0.8%

The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The company’s 50-day moving average price is $16.03 and its 200-day moving average price is $14.65. The firm has a market capitalization of $4.51 billion, a PE ratio of 8.71, a PEG ratio of 0.58 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. On average, sell-side analysts expect that Air Canada will post 0.85 earnings per share for the current year.

About Air Canada

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.