International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 52-Week High – Here’s Why

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.3601 and last traded at $12.35, with a volume of 7683 shares changing hands. The stock had previously closed at $12.28.

Analyst Ratings Changes

A number of analysts have commented on ICAGY shares. 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. Barclays raised International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Up 0.9%

The company has a market cap of $27.62 billion, a price-to-earnings ratio of 2.90, a P/E/G ratio of 0.83 and a beta of 1.62. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $10.96 and its 200 day moving average price is $10.88.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.41 billion. International Consolidated Airlines Group had a net margin of 10.38% and a return on equity of 100.80%. As a group, equities analysts expect that International Consolidated Airlines Group SA will post 1.5 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.