International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Sees Significant Decline in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 167,900 shares, a decline of 35.9% from the January 31st total of 262,000 shares. Based on an average trading volume of 309,900 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

ICAGY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Sanford C. Bernstein downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Down 6.2 %

Shares of ICAGY traded down $0.54 on Tuesday, reaching $8.14. 294,216 shares of the company’s stock were exchanged, compared to its average volume of 146,025. The business has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $6.55. International Consolidated Airlines Group has a 12 month low of $3.54 and a 12 month high of $9.11. The stock has a market capitalization of $19.66 billion, a P/E ratio of 2.59, a price-to-earnings-growth ratio of 0.69 and a beta of 2.17. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results on Friday, February 28th. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The company had revenue of $8.58 billion during the quarter, compared to analysts’ expectations of $7.62 billion. Research analysts anticipate that International Consolidated Airlines Group will post 1.07 earnings per share for the current year.

About International Consolidated Airlines Group

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.