International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 12-Month High – Should You Buy?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $11.26 and last traded at $11.26, with a volume of 6286 shares trading hands. The stock had previously closed at $11.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ICAGY. Zacks Research cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group upgraded International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley began coverage on International Consolidated Airlines Group in a research note on Wednesday, October 15th. They issued an “overweight” rating for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

International Consolidated Airlines Group Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The stock has a market cap of $25.69 billion, a PE ratio of 3.41, a P/E/G ratio of 0.63 and a beta of 1.65. The company’s 50 day moving average is $10.51 and its 200-day moving average is $10.10.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its earnings results on Friday, November 7th. The transportation company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $1.09. International Consolidated Airlines Group had a return on equity of 112.24% and a net margin of 9.52%.The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.95 billion. As a group, sell-side analysts predict that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current year.

International Consolidated Airlines Group Company Profile

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.