International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Large Volume Increase – Here’s Why
by Michael Walen · The Markets DailyInternational Consolidated Airlines Group SA (OTCMKTS:ICAGY – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 311,458 shares traded hands during mid-day trading, an increase of 192% from the previous session’s volume of 106,636 shares.The stock last traded at $12.12 and had previously closed at $12.30.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on International Consolidated Airlines Group
International Consolidated Airlines Group Stock Down 1.2%
The firm’s 50-day moving average is $11.58 and its two-hundred day moving average is $11.06. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.66 and a current ratio of 0.70. The stock has a market cap of $27.04 billion, a P/E ratio of 2.85, a PEG ratio of 0.73 and a beta of 1.61.
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.41 billion. International Consolidated Airlines Group had a return on equity of 100.80% and a net margin of 10.38%. On average, equities research analysts anticipate that International Consolidated Airlines Group SA will post 1.55 earnings per share for the current 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.