International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Down 2.8% – Here’s What Happened

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) shares traded down 2.8% on Monday . The company traded as low as $12.29 and last traded at $12.30. 88,841 shares were traded during mid-day trading, an increase of 111% from the average daily volume of 42,100 shares. The stock had previously closed at $12.65.

Analyst Ratings Changes

Separately, Zacks Research downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

International Consolidated Airlines Group Price Performance

The company has a 50 day moving average of $11.62 and a 200-day moving average of $11.07. The company has a market cap of $27.00 billion, a P/E ratio of 2.85, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.06 by $0.15. International Consolidated Airlines Group had a net margin of 10.38% and a return on equity of 100.80%. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.41 billion. On average, equities analysts predict that International Consolidated Airlines Group SA will post 1.55 earnings per share 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.