International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of International Consolidated Airlines Group S.A. (LON:IAG – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 414.90 and traded as high as GBX 432.90. International Consolidated Airlines Group shares last traded at GBX 430.01, with a volume of 4,780,488 shares changing hands.

Analyst Upgrades and Downgrades

IAG has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 645 target price on shares of International Consolidated Airlines Group in a report on Monday, August 3rd. Finally, Royal Bank Of Canada raised their price target on shares of International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the company an “outperform” rating in a report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 510.

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International Consolidated Airlines Group Stock Performance

The firm has a market capitalization of £18.81 billion, a PE ratio of 6.70, a PEG ratio of 0.21 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 160.78. The company has a 50-day moving average of GBX 443.72 and a 200 day moving average of GBX 414.90.

International Consolidated Airlines Group Company Profile

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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.

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