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

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 228,773 shares, a growth of 209.7% from the April 30th total of 73,874 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 237,178 shares, the days-to-cover ratio is presently 1.0 days.

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS ICAGY opened at $11.60 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66. The stock’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.70. International Consolidated Airlines Group has a one year low of $8.22 and a one year high of $12.36. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 2.72 and a beta of 1.60.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings data on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. International Consolidated Airlines Group had a return on equity of 75.60% and a net margin of 10.38%.The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.41 billion. On average, equities analysts forecast that International Consolidated Airlines Group will post 1.5 EPS for the current year.

Analyst Ratings Changes

ICAGY has been the topic of a number of research reports. Barclays raised International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Zacks Research lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group currently has a consensus rating of “Moderate Buy”.

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.