International Consolidated Airlines Group (LON:IAG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 210.11 ($2.59) and traded as high as GBX 304.50 ($3.75). International Consolidated Airlines Group shares last traded at GBX 304.50 ($3.75), with a volume of 17,626,465 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IAG shares. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and raised their price target for the stock from GBX 215 ($2.65) to GBX 400 ($4.92) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th.

International Consolidated Airlines Group Trading Up 0.3 %

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70. The firm’s 50-day simple moving average is GBX 266 and its 200 day simple moving average is GBX 211.78. The firm has a market cap of £15.08 billion, a P/E ratio of 732.88, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.