International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Unusually-High Trading Volume – Here’s Why

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw unusually-strong trading volume on Monday . Approximately 53,470 shares traded hands during trading, an increase of 74% from the previous session’s volume of 30,704 shares.The stock last traded at $11.0640 and had previously closed at $11.32.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ICAGY. The Goldman Sachs Group upgraded International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a report on Wednesday, October 22nd. 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, Zacks Research cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

International Consolidated Airlines Group Price Performance

The stock has a 50-day moving average of $10.69 and a two-hundred day moving average of $10.42. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of 3.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.65. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99.

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, topping the consensus estimate 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 firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.95 billion. On average, analysts anticipate that International Consolidated Airlines Group SA will post 1.07 EPS 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.