Air Canada (OTCMKTS:ACDVF) Trading Up 0.6% – Here’s What Happened

by · The Markets Daily

Air Canada (OTCMKTS:ACDVF – Get Free Report)’s stock price traded up 0.6% during mid-day trading on Monday . The company traded as high as $14.2590 and last traded at $14.20. 47,295 shares changed hands during trading, a decline of 70% from the average session volume of 155,280 shares. The stock had previously closed at $14.11.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. National Bank Financial lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Finally, National Bankshares cut Air Canada from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Air Canada currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on Air Canada

Air Canada Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99. The stock’s fifty day simple moving average is $13.45 and its 200 day simple moving average is $13.94. The company has a market cap of $4.15 billion, a price-to-earnings ratio of -25.09 and a beta of 1.44.

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

About Air Canada

(Get Free Report)

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.

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