International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Gap Up – Here’s Why

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.50, but opened at $12.04. International Consolidated Airlines Group shares last traded at $12.03, with a volume of 3,098 shares changing hands.

International Consolidated Airlines Group Price Performance

The firm has a market capitalization of $26.63 billion, a price-to-earnings ratio of 3.15, a PEG ratio of 0.71 and a beta of 1.63. The business’s fifty day simple moving average is $12.06 and its 200 day simple moving average is $11.16. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66.

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.