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

Shares of International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) reached a new 52-week high on Monday . The company traded as high as $7.60 and last traded at $7.54, with a volume of 193769 shares trading hands. The stock had previously closed at $7.45.

Wall Street Analysts Forecast Growth

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

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. The firm has a fifty day moving average price of $6.16 and a two-hundred day moving average price of $5.12. The stock has a market capitalization of $18.38 billion, a PE ratio of 2.40, a P/E/G ratio of 0.72 and a beta of 2.23.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $1.05. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.21 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. Research analysts expect that International Consolidated Airlines Group S.A. will post 1.06 EPS for the current 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.