International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Down 2.8% – Time to Sell?

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGYGet Free Report) fell 2.8% on Monday . The company traded as low as $12.29 and last traded at $12.30. Approximately 88,841 shares were traded during trading, an increase of 111% from the average session volume of 42,100 shares. The stock had previously closed at $12.65.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group currently has a consensus rating of “Hold”.

Get Our Latest Analysis on International Consolidated Airlines Group

International Consolidated Airlines Group Price Performance

The firm’s fifty day simple moving average is $11.58 and its 200-day simple moving average is $11.06. The firm has a market capitalization of $27.38 billion, a PE ratio of 2.89, a PEG 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.

International Consolidated Airlines Group (OTCMKTS:ICAGYGet Free Report) last posted its quarterly earnings results on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.41 billion. On average, research analysts forecast that International Consolidated Airlines Group SA will post 1.55 earnings per share for the current fiscal year.

International Consolidated Airlines Group Company Profile

(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.

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