International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Strong Trading Volume – Should You Buy?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw strong trading volume on Tuesday . 32,575 shares traded hands during mid-day trading, a decline of 5% from the previous session’s volume of 34,360 shares.The stock last traded at $10.89 and had previously closed at $10.9860.

Analyst Ratings Changes

ICAGY has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley began coverage on International Consolidated Airlines Group in a research report on Wednesday, October 15th. They issued an “overweight” rating for the company. Finally, Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Down 0.9%

The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. The business’s 50-day moving average is $10.73 and its two-hundred day moving average is $10.48. The stock has a market capitalization of $24.87 billion, a PE ratio of 3.30, a price-to-earnings-growth ratio of 0.60 and a beta of 1.65.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data 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. International Consolidated Airlines Group had a return on equity of 112.24% and a net margin of 9.52%.The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.95 billion. As a group, equities research analysts anticipate that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current year.

International Consolidated Airlines Group Company Profile

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.