Somewhat Positive News Coverage Somewhat Unlikely to Impact Air Canada (OTCMKTS:ACDVF) Stock Price

News coverage about Air Canada (OTCMKTS:ACDVF) has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Air Canada earned a news sentiment score of 0.88 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Air Canada’s ranking:

OTCMKTS:ACDVF traded down $0.27 during mid-day trading on Friday, hitting $33.89. The company had a trading volume of 1,615 shares, compared to its average volume of 19,107. Air Canada has a fifty-two week low of $16.48 and a fifty-two week high of $34.42. The company has a fifty day moving average price of $30.69. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $9.04 billion and a price-to-earnings ratio of 16.37.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter. Air Canada had a return on equity of 18.89% and a net margin of 3.69%. The firm had revenue of $3.35 billion for the quarter.

Separately, National Bank Financial restated a “buy” rating on shares of Air Canada in a report on Friday, April 12th.

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.

Featured Article: Investing strategies using the yield curve

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.