International Consolidated Airlines Group (OTCMKTS:ICAGY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

International Consolidated Airlines Group SA (OTCMKTS:ICAGY)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $11.22 and traded as high as $11.99. International Consolidated Airlines Group shares last traded at $11.94, with a volume of 123,943 shares.

Analysts Set New Price Targets

Separately, Zacks Research lowered International Consolidated Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Consolidated Airlines Group has a consensus rating of “Hold”.

International Consolidated Airlines Group Trading Up 0.6%

The stock’s 50-day moving average price is $11.32 and its 200 day moving average price is $11.22. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market capitalization of $25.47 billion, a PE ratio of 2.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.83.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, November 6th. The transportation company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). International Consolidated Airlines Group had a net margin of 9.21% and a return on equity of 79.81%. On average, sell-side analysts expect that International Consolidated Airlines Group SA will post 1.37 EPS for the current fiscal year.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA (OTCMKTS:ICAGY), commonly known as IAG, is an international airline holding company formed in 2011 through the merger of British Airways and Iberia. Headquartered in London and Madrid, IAG manages a portfolio of airline brands that operate under distinct identities while benefiting from shared resources and group-wide capabilities.

IAG’s principal airlines include British Airways, Iberia, Aer Lingus, Vueling and LEVEL. These carriers provide scheduled passenger air services across short-haul and long-haul markets, serving destinations throughout Europe, North America, Latin America, Asia, Africa and the Middle East.