International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Short Interest Down 41.7% in April

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 73,874 shares, a drop of 41.7% from the April 15th total of 126,731 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 143,740 shares, the days-to-cover ratio is currently 0.5 days.

International Consolidated Airlines Group Trading Down 2.4%

Shares of International Consolidated Airlines Group stock traded down $0.25 during trading on Friday, hitting $10.02. 84,562 shares of the company were exchanged, compared to its average volume of 98,549. The firm has a market capitalization of $22.37 billion, a P/E ratio of 2.35, a price-to-earnings-growth ratio of 0.53 and a beta of 1.60. International Consolidated Airlines Group has a 1-year low of $8.22 and a 1-year high of $12.36. The firm’s fifty day moving average price is $10.09 and its 200 day moving average price is $10.69. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.41 billion. International Consolidated Airlines Group had a return on equity of 75.60% and a net margin of 10.38%. As a group, sell-side analysts expect that International Consolidated Airlines Group will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.