Air Canada (OTCMKTS:ACDVF) Shares Pass Below 50-Day Moving Average – Time to Sell?

Air Canada (OTCMKTS:ACDVF) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.07 and traded as low as $13.86. Air Canada shares last traded at $13.86, with a volume of 139,412 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd.

Air Canada Trading Down 0.7 %

The firm has a fifty day moving average of $16.07 and a 200-day moving average of $13.78. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 2.86 and a beta of 2.12. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.16 by $0.72. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. As a group, equities analysts predict that Air Canada will post 2.51 earnings per share for the current fiscal 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.