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

International Consolidated Airlines Group SA (OTCMKTS:ICAGY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $12.3601 and last traded at $12.35, with a volume of 7683 shares trading hands. The stock had previously closed at $12.28.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Barclays upgraded shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

The company has a fifty day moving average of $10.88 and a two-hundred day moving average of $10.85. The firm has a market capitalization of $27.62 billion, a price-to-earnings ratio of 2.90, a PEG ratio of 0.83 and a beta of 1.62. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.66 and a current ratio of 0.70.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings data on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. International Consolidated Airlines Group had a return on equity of 100.80% and a net margin of 10.38%.The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.41 billion. As a group, equities research analysts predict that International Consolidated Airlines Group SA will post 1.5 earnings per share for the current fiscal year.

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.