International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 52-Week High – What’s Next?

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) reached a new 52-week high during trading on Monday . The stock traded as high as $11.40 and last traded at $11.39, with a volume of 12548 shares changing hands. The stock had previously closed at $11.22.

Analyst Ratings Changes

Several analysts have weighed in on ICAGY shares. Zacks Research downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group raised International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley began coverage on International Consolidated Airlines Group in a research report on Wednesday, October 15th. They set an “overweight” rating on the stock. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

International Consolidated Airlines Group Trading Up 1.2%

The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The firm’s fifty day moving average is $10.62 and its two-hundred day moving average is $10.31. The firm has a market cap of $25.94 billion, a P/E ratio of 3.44, a PEG ratio of 0.61 and a beta of 1.65.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, November 7th. The transportation company reported $1.77 EPS for the quarter, beating the consensus estimate of $0.68 by $1.09. International Consolidated Airlines Group had a return on equity of 112.24% and a net margin of 9.52%.The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.95 billion. Analysts predict that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current fiscal year.

About International Consolidated Airlines Group

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.