International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 1-Year High – Here’s What Happened

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.47 and last traded at $8.43, with a volume of 117881 shares changing hands. The stock had previously closed at $8.30.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Up 1.6 %

The company has a 50 day moving average of $7.50 and a two-hundred day moving average of $5.91. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of $20.46 billion, a PE ratio of 2.68, a P/E/G ratio of 0.69 and a beta of 2.17.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its earnings results on Friday, November 8th. The transportation company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $1.05. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.21 billion. Sell-side analysts predict that International Consolidated Airlines Group S.A. will post 1.07 EPS for the current year.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.