International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Large Volume Increase – Here’s Why

International Consolidated Airlines Group SA (OTCMKTS:ICAGYGet Free Report) shares saw an uptick in trading volume on Tuesday . Approximately 311,458 shares traded hands during mid-day trading, an increase of 192% from the previous session’s volume of 106,636 shares.The stock last traded at $12.12 and had previously closed at $12.30.

Analyst Ratings Changes

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

Check Out Our Latest Report on International Consolidated Airlines Group

International Consolidated Airlines Group Stock Performance

The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 2.85, a price-to-earnings-growth ratio of 0.73 and a beta of 1.61. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.48. The stock’s 50-day simple moving average is $11.58 and its 200 day simple moving average is $11.06.

International Consolidated Airlines Group (OTCMKTS:ICAGYGet Free Report) last posted its quarterly earnings data on Friday, May 8th. The transportation company reported $0.21 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.41 billion. Analysts expect that International Consolidated Airlines Group SA will post 1.55 earnings per share for the current fiscal year.

About International Consolidated Airlines Group

(Get Free Report)

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.

Further Reading

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