International Consolidated Airlines Group (LON:IAG) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 297.85 ($4.04) and traded as high as GBX 335.90 ($4.55). International Consolidated Airlines Group shares last traded at GBX 330.75 ($4.48), with a volume of 18,909,914 shares trading hands.

Analyst Ratings Changes

IAG has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on International Consolidated Airlines Group from GBX 350 ($4.74) to GBX 400 ($5.42) and gave the stock a "buy" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. reissued an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Barclays lowered shares of International Consolidated Airlines Group to an "underweight" rating and cut their price target for the company from GBX 420 ($5.69) to GBX 250 ($3.39) in a report on Wednesday, March 12th. Citigroup reaffirmed a "buy" rating and issued a GBX 390 ($5.29) price objective on shares of International Consolidated Airlines Group in a research note on Monday, March 31st. Finally, Peel Hunt reissued a "buy" rating and set a GBX 420 ($5.69) target price on shares of International Consolidated Airlines Group in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, International Consolidated Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 348.33 ($4.72).

International Consolidated Airlines Group Stock Performance

The firm has a market capitalization of £19.96 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The firm's fifty day moving average is GBX 285.29 and its 200 day moving average is GBX 299.09.

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.