Air Canada (OTCMKTS:ACDVF) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Air Canada shares have crossed below their fifty-day moving average, trading at $14.21 on a recent session, down from the moving average of $14.93.
• Analysts have updated their ratings for Air Canada, with Royal Bank of Canada upgrading the stock to a "moderate buy" and Zacks Research assigning a "hold" rating.
• The company's recent quarterly earnings showed an EPS of $0.43, missing estimates, with revenue of $4.14 billion compared to anticipated figures of $5.55 billion.

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.93 and traded as low as $14.12. Air Canada shares last traded at $14.21, with a volume of 8,447 shares traded.

Wall Street Analysts Forecast Growth

ACDVF has been the topic of a number of recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of Air Canada in a research report on Wednesday, July 30th. Zacks Research upgraded Air Canada to a "hold" rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada raised Air Canada from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Air Canada Stock Performance

The stock has a market capitalization of $4.11 billion, a P/E ratio of 5.06 and a beta of 1.95. The business has a 50-day moving average price of $14.91 and a 200 day moving average price of $12.81. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.67 and a current ratio of 0.70.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Air Canada had a return on equity of 45.69% and a net margin of 6.83%.The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $5.55 billion. As a group, sell-side analysts forecast 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.