International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Large Decline in Short Interest

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 3,398 shares, a decrease of 16.9% from the November 30th total of 4,087 shares. Based on an average daily volume of 77,374 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 77,374 shares, the short-interest ratio is currently 0.0 days.

International Consolidated Airlines Group Stock Performance

OTCMKTS:ICAGY opened at $11.02 on Thursday. The business’s fifty day moving average is $10.61 and its 200 day moving average is $10.26. The firm has a market cap of $25.18 billion, a price-to-earnings ratio of 3.34, a PEG ratio of 0.64 and a beta of 1.65. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. International Consolidated Airlines Group has a 52-week low of $5.60 and a 52-week high of $11.30.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results 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 business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.95 billion. Research analysts predict that International Consolidated Airlines Group will post 1.07 EPS for the current year.

Analyst Ratings Changes

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

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.