International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 12-Month High at $5.05

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $5.05 and last traded at $5.05, with a volume of 101363 shares changing hands. The stock had previously closed at $4.98.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. HSBC cut International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Morgan Stanley upgraded shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research report on Wednesday, July 10th. Finally, Hsbc Global Res raised shares of International Consolidated Airlines Group to a “hold” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

International Consolidated Airlines Group Stock Performance

The company’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $4.28. The stock has a market cap of $4.97 billion, a PE ratio of 1.65, a PEG ratio of 0.97 and a beta of 2.20. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, August 2nd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.67. The company had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $9.03 billion. International Consolidated Airlines Group had a net margin of 8.63% and a return on equity of 126.83%. On average, equities research analysts forecast that International Consolidated Airlines Group S.A. will post 1.04 EPS for the current year.

International Consolidated Airlines Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 16th. Investors of record on Friday, September 6th will be paid a $0.0671 dividend. The ex-dividend date is Friday, September 6th. International Consolidated Airlines Group’s payout ratio is presently 1.99%.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.