International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Unusually-High Trading Volume on Analyst Upgrade

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw unusually-high trading volume on Monday after Barclays upgraded the stock from an equal weight rating to an overweight rating. Approximately 186,920 shares traded hands during trading, an increase of 119% from the previous session’s volume of 85,510 shares.The stock last traded at $9.55 and had previously closed at $9.69.

Separately, Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, International Consolidated Airlines Group currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

The company’s fifty day simple moving average is $11.37 and its two-hundred day simple moving average is $10.82. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 2.42, a P/E/G ratio of 0.45 and a beta of 1.58.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, February 27th. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.49. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.64 billion. International Consolidated Airlines Group had a net margin of 10.21% and a return on equity of 167.88%. On average, analysts forecast 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 (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.