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

by · The Markets Daily

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 635,300 shares, a growth of 731.5% from the November 30th total of 76,400 shares. Based on an average daily trading volume, of 664,700 shares, the days-to-cover ratio is presently 1.0 days.

International Consolidated Airlines Group Stock Down 0.1 %

Shares of ICAGY stock traded down $0.00 during mid-day trading on Thursday, reaching $7.65. 54,782 shares of the company were exchanged, compared to its average volume of 92,167. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. International Consolidated Airlines Group has a fifty-two week low of $3.51 and a fifty-two week high of $7.79. The business’s 50 day simple moving average is $6.39 and its 200 day simple moving average is $5.24. The company has a market capitalization of $18.66 billion, a P/E ratio of 2.43, a P/E/G ratio of 0.72 and a beta of 2.23.

International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $1.05. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.21 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. Research analysts predict that International Consolidated Airlines Group will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Consolidated Airlines Group presently has an average rating of “Moderate Buy”.

Read Our Latest Stock Analysis on ICAGY

About International Consolidated Airlines Group

(Get Free Report)

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.

Recommended Stories