Air Canada (OTCMKTS:ACDVF) Stock Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Air Canada's share price fell below its fifty-day moving average of $14.80, reaching a low of $13.69 during recent trading sessions.
• Analysts currently have a mixed outlook on the stock, with ratings ranging from Strong Buy to Sell and an average rating of "Moderate Buy".
• Air Canada reported $0.43 EPS for the last quarter, missing estimates of $0.50, and had a revenue of $4.14 billion, falling short of the expected $5.55 billion.

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.80 and traded as low as $13.69. Air Canada shares last traded at $13.70, with a volume of 241,433 shares.

Analysts Set New Price Targets

ACDVF has been the subject of several analyst reports. Scotiabank reissued an "outperform" rating on shares of Air Canada in a report on Wednesday, July 30th. Zacks Research raised shares of Air Canada to a "hold" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Air Canada Stock Performance

The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.67 and a current ratio of 0.70. The business's fifty day simple moving average is $14.80 and its 200-day simple moving average is $12.86. The firm has a market capitalization of $4.06 billion, a PE ratio of 5.00 and a beta of 1.95.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $5.55 billion. Air Canada had a net margin of 6.83% and a return on equity of 45.69%. As a group, equities research analysts expect that Air Canada will post 1.66 EPS 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.

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