Air Canada (OTCMKTS:ACDVF) Trading Down 4.2% - Should You Sell?

Key Points

• Air Canada shares fell 4.2% to approximately $19.91, with only about 915 shares traded—99% below the average daily volume.
• Analyst sentiment remains broadly positive: six analysts rate the stock a Buy and five rate it a Hold, giving Air Canada an overall “Moderate Buy” rating.
• The company exceeded quarterly expectations, reporting $0.29 in earnings per share versus the $0.11 consensus estimate and revenue of $4.41 billion versus $4.34 billion expected.

Air Canada (OTCMKTS:ACDVF - Get Free Report) traded down 4.2% during trading on Thursday . The company traded as low as $19.84 and last traded at $19.91. Approximately 915 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 163,330 shares. The stock had previously closed at $20.78.

Analyst Ratings Changes

Several research firms have recently weighed in on ACDVF. Zacks Research raised shares of Air Canada from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 19th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th. National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Scotiabank reissued an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Air Canada in a report on Friday, August 14th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Air Canada presently has an average rating of "Moderate Buy".

Air Canada Stock Performance

The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.61 and a beta of 1.42. The company's 50-day moving average is $18.27 and its 200-day moving average is $15.60. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.18. Air Canada had a net margin of 1.82% and a return on equity of 21.51%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.34 billion. Research analysts anticipate that Air Canada will post 0.88 earnings per share for the current fiscal 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.

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