International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 52-Week High – Here’s Why

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGYGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $12.13 and last traded at $12.11, with a volume of 17916 shares trading hands. The stock had previously closed at $11.95.

Analyst Ratings Changes

ICAGY has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. Zacks Research raised International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Morgan Stanley assumed coverage on International Consolidated Airlines Group in a research report on Wednesday, October 15th. They set an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on ICAGY

International Consolidated Airlines Group Trading Down 2.8%

The business’s 50 day moving average price is $11.18 and its two-hundred day moving average price is $10.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 3.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.63.

About International Consolidated Airlines Group

(Get Free Report)

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.

See Also

Receive News & Ratings for International Consolidated Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Consolidated Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.