International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Strong Trading Volume – Here’s What Happened

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw strong trading volume on Tuesday . 32,575 shares traded hands during trading, a decline of 5% from the previous session’s volume of 34,360 shares.The stock last traded at $10.89 and had previously closed at $10.9860.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ICAGY shares. Morgan Stanley began coverage on International Consolidated Airlines Group in a research report on Wednesday, October 15th. They set an “overweight” rating on the stock. Zacks Research raised shares of International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group raised International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Down 0.9%

The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 3.30, a PEG ratio of 0.60 and a beta of 1.65. 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 firm has a fifty day moving average price of $10.73 and a 200-day moving average price of $10.48.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its earnings results on Friday, November 7th. The transportation company reported $1.77 earnings per share for the quarter, topping 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 firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.95 billion. As a group, sell-side analysts forecast 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.