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

International Consolidated Airlines Group S.A. (LON:IAG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 402.82 and traded as high as GBX 459.16. International Consolidated Airlines Group shares last traded at GBX 454.80, with a volume of 26,167,582 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IAG. Citigroup cut their price target on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Monday, April 20th. UBS Group reaffirmed a “sell” rating and issued a GBX 355 target price on shares of International Consolidated Airlines Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 460 target price on shares of International Consolidated Airlines Group in a research note on Monday, May 11th. Finally, Royal Bank Of Canada reduced their price target on shares of International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating for the company in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 466.

International Consolidated Airlines Group Stock Down 1.8%

The firm’s 50 day simple moving average is GBX 403.28 and its 200 day simple moving average is GBX 402.82. The company has a market cap of £20.25 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 187.79.

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.