Air Canada (OTCMKTS:ACDVF – Get Rating) was the target of a significant decrease in short interest in 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 trading volume, of 111,600 shares, the short-interest ratio is currently 56.3 days.
Analyst Ratings Changes
ACDVF has been the subject of several analyst reports. Scotiabank cut their price target on shares of Air Canada from C$31.00 to C$26.00 in a research report on Tuesday, June 28th. Canaccord Genuity Group upgraded shares of Air Canada from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. TD Securities cut their price target on shares of Air Canada from C$26.00 to C$25.00 in a research report on Tuesday, June 28th. Canaccord Genuity Group upgraded shares of Air Canada from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th. Finally, National Bank Financial dropped their target price on shares of Air Canada from C$31.00 to C$30.00 in a report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.43.
Air Canada Price Performance
ACDVF stock opened at $13.81 on Friday. Air Canada has a 1 year low of $11.94 and a 1 year high of $22.36. The firm has a 50-day moving average of $13.80 and a 200 day moving average of $15.65. The company has a market cap of $4.96 billion, a P/E ratio of -2.33 and a beta of 2.06. 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.
About Air Canada
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.
- Get a free copy of the StockNews.com research report on Air Canada (ACDVF)
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