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

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 285.11 ($3.81) and traded as high as GBX 322.70 ($4.31). International Consolidated Airlines Group shares last traded at GBX 322.70 ($4.31), with a volume of 19,998,775 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on IAG shares. JPMorgan Chase & Co. reissued an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Jefferies Financial Group raised their price objective on International Consolidated Airlines Group from GBX 350 ($4.67) to GBX 400 ($5.34) and gave the company a "buy" rating in a research report on Monday, March 3rd. Barclays lowered International Consolidated Airlines Group to an "underweight" rating and cut their price objective for the company from GBX 420 ($5.61) to GBX 250 ($3.34) in a research report on Wednesday, March 12th. Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.61) price objective on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Finally, Citigroup reissued a "buy" rating and issued a GBX 390 ($5.21) price objective on shares of International Consolidated Airlines Group in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 348.33 ($4.65).

International Consolidated Airlines Group Stock Up 1.7%

The firm has a 50 day moving average price of GBX 272.39 and a two-hundred day moving average price of GBX 288.91. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The company has a market capitalization of £19.42 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be paid a dividend of €0.06 ($0.07) per share. The ex-dividend date is Thursday, June 26th. This is an increase from International Consolidated Airlines Group's previous dividend of $0.03. This represents a dividend yield of 1.72%. International Consolidated Airlines Group's dividend payout ratio (DPR) is currently 10.56%.

International Consolidated Airlines Group Company Profile

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.