International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Price Down 2.8% – Here’s What Happened

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) fell 2.8% on Monday . The company traded as low as $12.29 and last traded at $12.30. 88,841 shares traded hands during trading, an increase of 111% from the average session volume of 42,100 shares. The stock had previously closed at $12.65.

Analysts Set New Price Targets

Separately, Zacks Research lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

International Consolidated Airlines Group Trading Down 2.8%

The stock has a market cap of $27.38 billion, a P/E ratio of 2.89, a PEG ratio of 0.73 and a beta of 1.61. 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 stock’s fifty day moving average price is $11.58 and its 200 day moving average price is $11.06.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. International Consolidated Airlines Group had a net margin of 10.38% and a return on equity of 100.80%. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.41 billion. Equities research analysts expect that International Consolidated Airlines Group SA will post 1.55 earnings per share 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.