International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Large Growth in Short Interest

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 21,358 shares, a growth of 570.6% from the December 31st total of 3,185 shares. Based on an average trading volume of 67,194 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 67,194 shares, the short-interest ratio is presently 0.3 days.

International Consolidated Airlines Group Price Performance

Shares of ICAGY stock traded up $0.03 on Wednesday, reaching $11.49. The company had a trading volume of 27,877 shares, compared to its average volume of 41,960. The stock has a market capitalization of $26.23 billion, a PE ratio of 3.48, a price-to-earnings-growth ratio of 0.41 and a beta of 1.65. International Consolidated Airlines Group has a one year low of $5.60 and a one year high of $11.77. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The business’s 50-day moving average is $10.88 and its 200 day moving average is $10.55.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings data on Friday, November 7th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $1.09. The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.95 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 112.24%. Equities research analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ICAGY. Zacks Research raised International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Morgan Stanley started coverage on shares of 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 shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About International Consolidated Airlines Group

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.