International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Gap Up – Time to Buy?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) shares gapped up before the market opened on Friday . The stock had previously closed at $10.84, but opened at $11.69. International Consolidated Airlines Group shares last traded at $11.61, with a volume of 5,039 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ICAGY shares. Barclays upgraded International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Zacks Research downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Four investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

The firm has a 50-day moving average price of $10.63 and a 200-day moving average price of $10.78. The stock has a market cap of $26.18 billion, a P/E ratio of 2.75 and a beta of 1.62. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.66 and a current ratio of 0.70.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.41 billion. International Consolidated Airlines Group had a return on equity of 100.80% and a net margin of 10.38%. On average, analysts forecast that International Consolidated Airlines Group SA will post 1.5 earnings per share for the current fiscal year.

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.