International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Short Interest Update

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 73,874 shares, a drop of 41.7% from the April 15th total of 126,731 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 143,740 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays upgraded International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Zacks Research cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Consolidated Airlines Group currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Up 3.7%

Shares of OTCMKTS:ICAGY traded up $0.37 during mid-day trading on Monday, hitting $10.39. 102,137 shares of the company traded hands, compared to its average volume of 124,580. The firm’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $10.69. The firm has a market cap of $23.20 billion, a P/E ratio of 2.44 and a beta of 1.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.66 and a current ratio of 0.70. International Consolidated Airlines Group has a 52-week low of $8.22 and a 52-week high of $12.36.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.41 billion. International Consolidated Airlines Group had a return on equity of 75.60% and a net margin of 10.38%. On average, equities analysts anticipate that International Consolidated Airlines Group will post 1.7 EPS for the current year.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.