Short Interest in International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Rises By 232.3%
by Scott Moore · The Cerbat GemInternational Consolidated Airlines Group SA (OTCMKTS:ICAGY – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 178,663 shares, a growth of 232.3% from the March 15th total of 53,765 shares. Based on an average trading volume of 505,566 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
International Consolidated Airlines Group Stock Performance
Shares of ICAGY stock opened at $10.51 on Friday. The stock has a market capitalization of $23.99 billion, a PE ratio of 2.66, a P/E/G ratio of 0.50 and a beta of 1.65. International Consolidated Airlines Group has a 1-year low of $6.17 and a 1-year high of $12.36. The business has a 50-day moving average of $10.62 and a 200 day moving average of $10.70. 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 (OTCMKTS:ICAGY – Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.49. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.64 billion. International Consolidated Airlines Group had a return on equity of 98.60% and a net margin of 10.21%. As a group, sell-side analysts anticipate that International Consolidated Airlines Group will post 1.07 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Barclays upgraded shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Zacks Research cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on International Consolidated Airlines Group
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.