International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Gap Up – Time to Buy?
by Scott Moore · The Cerbat GemInternational Consolidated Airlines Group SA (OTCMKTS:ICAGY – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.84, but opened at $11.69. International Consolidated Airlines Group shares last traded at $11.61, with a volume of 5,039 shares changing hands.
Wall Street Analysts Forecast Growth
ICAGY has been the topic of several recent research reports. Barclays raised shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Zacks Research lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, International Consolidated Airlines Group has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on International Consolidated Airlines Group
International Consolidated Airlines Group Price Performance
The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.48. The company’s fifty day moving average is $10.63 and its two-hundred day moving average is $10.78. The stock has a market cap of $26.18 billion, a price-to-earnings ratio of 2.75 and a beta of 1.62.
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.41 billion. International Consolidated Airlines Group had a net margin of 10.38% and a return on equity of 100.80%. As a group, research analysts predict that International Consolidated Airlines Group SA will post 1.5 earnings per share for the current year.
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.