International Consolidated Airlines Group (LON:IAG) Shares Pass Above 200-Day Moving Average - What's Next?

Shares of International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 294.55 ($3.99) and traded as high as GBX 338.90 ($4.59). International Consolidated Airlines Group shares last traded at GBX 333 ($4.51), with a volume of 17,826,895 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IAG shares. Peel Hunt reiterated a "buy" rating and issued a GBX 420 ($5.69) target price on shares of International Consolidated Airlines Group in a report on Tuesday, April 29th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Jefferies Financial Group boosted their price objective on shares of 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. Barclays cut shares of International Consolidated Airlines Group to an "underweight" rating and decreased their target price for the company from GBX 420 ($5.69) to GBX 250 ($3.39) in a research report on Wednesday, March 12th. Finally, Citigroup reaffirmed a "buy" rating and issued a GBX 390 ($5.28) price target on shares of International Consolidated Airlines Group in a 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 348.33 ($4.72).

International Consolidated Airlines Group Trading Up 1.9%

The stock has a market cap of £19.64 billion, a price-to-earnings ratio of 7.02, a P/E/G 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 company's fifty day moving average price is GBX 280.40 and its 200-day moving average price is GBX 296.53.

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.