International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 12-Month High – What’s Next?

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.40 and last traded at $11.39, with a volume of 12548 shares traded. The stock had previously closed at $11.22.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Morgan Stanley started coverage on International Consolidated Airlines Group in a report on Wednesday, October 15th. They issued an “overweight” rating on the stock. Finally, The Goldman Sachs Group upgraded International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

International Consolidated Airlines Group Stock Down 0.4%

The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 3.51, a PEG ratio of 0.62 and a beta of 1.65. The business has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $10.35. 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) last issued its quarterly earnings results on Friday, November 7th. The transportation company reported $1.77 EPS for the quarter, topping the consensus estimate 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 return on equity of 112.24% and a net margin of 9.52%. As a group, equities analysts forecast that International Consolidated Airlines Group SA will post 1.07 EPS for the current fiscal 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.