Air Canada (OTCMKTS:ACDVF) Short Interest Update

Air Canada (OTCMKTS:ACDVFGet Rating) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,278,700 shares, a decrease of 16.8% from the August 15th total of 7,543,900 shares. Based on an average daily volume of 111,600 shares, the short-interest ratio is currently 56.3 days.

Wall Street Analysts Forecast Growth

ACDVF has been the topic of several research analyst reports. TD Securities dropped their price objective on Air Canada from C$26.00 to C$25.00 in a research note on Tuesday, June 28th. Canaccord Genuity Group upgraded Air Canada from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Canaccord Genuity Group upgraded Air Canada from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Scotiabank dropped their price objective on Air Canada from C$31.00 to C$26.00 in a research note on Tuesday, June 28th. Finally, National Bank Financial dropped their price objective on Air Canada from C$31.00 to C$30.00 in a research note on Thursday, July 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.43.

Air Canada Trading Down 4.5 %

Shares of ACDVF stock opened at $13.81 on Friday. The company’s fifty day simple moving average is $13.80 and its two-hundred day simple moving average is $15.65. The company has a debt-to-equity ratio of 1,723.47, a current ratio of 1.15 and a quick ratio of 1.23. Air Canada has a 1 year low of $11.94 and a 1 year high of $22.36. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of -2.33 and a beta of 2.06.

Air Canada (OTCMKTS:ACDVFGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($1.43) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.88). The firm had revenue of $3.12 billion during the quarter. Air Canada had a negative return on equity of 828.99% and a negative net margin of 21.93%. As a group, analysts anticipate that Air Canada will post -3.23 earnings per share for the current year.

About Air Canada

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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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