International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 52-Week High – Here’s Why
by Jessica Moore · The Cerbat GemInternational Consolidated Airlines Group SA (OTCMKTS:ICAGY – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $11.78 and last traded at $11.7775, with a volume of 35042 shares changing hands. The stock had previously closed at $11.40.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on ICAGY. Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Morgan Stanley began coverage on shares of International Consolidated Airlines Group in a research note on Wednesday, October 15th. They set an “overweight” rating for the company. Finally, The Goldman Sachs Group raised shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on ICAGY
International Consolidated Airlines Group Stock Up 3.4%
The firm has a market capitalization of $26.90 billion, a P/E ratio of 3.57, a PEG ratio of 0.41 and a beta of 1.63. The firm’s 50 day moving average is $10.97 and its two-hundred day moving average is $10.58. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65.
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last announced its quarterly earnings results on Friday, November 7th. The transportation company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $1.09. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.95 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 112.24%. Research analysts predict that International Consolidated Airlines Group SA will post 1.07 EPS 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.