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

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 237,178 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

International Consolidated Airlines Group Trading Up 1.4%

Shares of International Consolidated Airlines Group stock 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 firm has a fifty day moving average price of $10.32 and a 200 day moving average price of $10.70. International Consolidated Airlines Group has a 1 year low of $8.22 and a 1 year high of $12.36. The stock has a market cap of $25.90 billion, a PE ratio of 2.72 and a beta of 1.60.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.41 billion. International Consolidated Airlines Group had a net margin of 10.38% and a return on equity of 75.60%. Equities research analysts predict that International Consolidated Airlines Group will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

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

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.