International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Sees Large Decline in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decrease of 98.2% from the February 13th total of 167,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 290,600 shares, the days-to-cover ratio is presently 0.0 days.

International Consolidated Airlines Group Stock Down 0.8 %

Shares of OTCMKTS:ICAGY opened at $7.08 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. International Consolidated Airlines Group has a 52-week low of $3.72 and a 52-week high of $9.11. The business’s 50 day simple moving average is $8.14 and its two-hundred day simple moving average is $6.71. The firm has a market cap of $17.02 billion, a P/E ratio of 2.25, a PEG ratio of 0.69 and a beta of 2.16.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The company had revenue of $8.58 billion for the quarter, compared to analysts’ expectations of $7.62 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. As a group, research analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Barclays cut International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday. Finally, The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

International Consolidated Airlines Group Company Profile

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.