International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 1-Year 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 mid-day trading on Monday . The stock traded as high as $10.50 and last traded at $10.47, with a volume of 6528 shares changing hands. The stock had previously closed at $10.47.

Analyst Upgrades and Downgrades

ICAGY has been the subject of several analyst reports. Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Finally, UBS Group cut International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

International Consolidated Airlines Group Stock Up 0.2%

The stock has a market cap of $24.35 billion, a PE ratio of 3.35, a price-to-earnings-growth ratio of 0.86 and a beta of 2.23. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.78 and a quick ratio of 0.75. The business has a fifty day moving average of $9.61 and a 200-day moving average of $8.42.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.79. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 166.61%. The company had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $8.77 billion. Equities research analysts anticipate that International Consolidated Airlines Group SA will post 1.07 earnings per share 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.

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