International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 1-Year High – Here’s Why

International Consolidated Airlines Group SA (OTCMKTS:ICAGY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $11.40 and last traded at $11.39, with a volume of 12548 shares changing hands. The stock had previously closed at $11.22.

Analysts Set New Price Targets

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

International Consolidated Airlines Group Trading Up 1.2%

The stock has a 50 day moving average of $10.62 and a 200 day moving average of $10.31. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. The firm has a market cap of $25.94 billion, a P/E ratio of 3.44, a PEG ratio of 0.61 and a beta of 1.65.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings results 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. The firm had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.95 billion. International Consolidated Airlines Group had a return on equity of 112.24% and a net margin of 9.52%. As a group, equities research analysts predict that International Consolidated Airlines Group SA will post 1.07 EPS for the current 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.