International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 52-Week High - Here's What Happened

Key Points

• International Consolidated Airlines Group (ICAGY) shares hit a new 52-week high at $10.50 with a trading volume of 6,528 shares.
• The company reported earnings of $1.29 per share, significantly exceeding the estimated $0.50, and generated revenues of $10.06 billion against an estimate of $8.77 billion.
• Analyst ratings show mixed sentiments, with one sell, two hold, and two buy ratings, leading to an overall average rating of "Hold".

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $10.50 and last traded at $10.47, with a volume of 6528 shares trading hands. The stock had previously closed at $10.47.

Wall Street Analysts Forecast Growth

ICAGY has been the subject of a number of analyst reports. Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Finally, UBS Group downgraded International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

International Consolidated Airlines Group Stock Performance

The company has a quick ratio of 0.75, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 3.40, a P/E/G ratio of 0.85 and a beta of 2.23. The company has a 50 day simple moving average of $9.76 and a 200 day simple moving average of $8.49.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.79. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.The company had revenue of $10.06 billion during the quarter, compared to analysts' expectations of $8.77 billion. As a group, equities research analysts forecast that International Consolidated Airlines Group SA will post 1.07 EPS for the current year.

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.