International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 1-Year High – Time to Buy?

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $8.11 and last traded at $8.10, with a volume of 156336 shares trading hands. The stock had previously closed at $7.73.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

The stock’s 50 day moving average price is $7.13 and its 200 day moving average price is $5.68. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71. The firm has a market cap of $19.66 billion, a PE ratio of 2.58, a P/E/G ratio of 0.64 and a beta of 2.17.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $1.05. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.21 billion. As a group, equities analysts forecast that International Consolidated Airlines Group S.A. will post 1.07 earnings per share for the current fiscal year.

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.