International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 1-Year High – Still a Buy?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.78 and last traded at $11.7775, with a volume of 35042 shares changing hands. The stock had previously closed at $11.40.

Analysts Set New Price Targets

ICAGY has been the subject of several research analyst reports. 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. Morgan Stanley started coverage on International Consolidated Airlines Group in a research note on Wednesday, October 15th. They issued an “overweight” rating on the stock. Finally, The Goldman Sachs Group raised International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

The company has a market cap of $27.00 billion, a PE ratio of 3.58, a price-to-earnings-growth ratio of 0.42 and a beta of 1.63. 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 50 day simple moving average of $11.06 and a 200-day simple moving average of $10.61.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, November 7th. The transportation company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $1.09. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.95 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 112.24%. As a group, research analysts predict that International Consolidated Airlines Group SA will post 1.07 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.