International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 1-Year High – What’s Next?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $11.26 and last traded at $11.26, with a volume of 6286 shares trading hands. The stock had previously closed at $11.19.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ICAGY shares. Zacks Research lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Morgan Stanley initiated coverage on shares of International Consolidated Airlines Group in a report on Wednesday, October 15th. They issued an “overweight” rating for the company. Finally, The Goldman Sachs Group raised shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

International Consolidated Airlines Group Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The company has a 50 day simple moving average of $10.53 and a 200 day simple moving average of $10.12. The stock has a market cap of $25.61 billion, a P/E ratio of 3.40, a PEG ratio of 0.65 and a beta of 1.65.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings data on Friday, November 7th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $1.09. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 112.24%. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.95 billion. Sell-side analysts forecast that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current fiscal year.

International Consolidated Airlines Group Company Profile

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.