International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 1-Year High - Here's What Happened

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.25 and last traded at $9.25, with a volume of 47113 shares traded. The stock had previously closed at $8.98.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ICAGY. Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday. Barclays cut shares of International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, International Consolidated Airlines Group has a consensus rating of "Hold".

International Consolidated Airlines Group Price Performance

The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.75 and a current ratio of 0.78. The company has a fifty day moving average price of $8.18 and a two-hundred day moving average price of $7.84. The company has a market cap of $21.54 billion, a P/E ratio of 3.24, a PEG ratio of 0.88 and a beta of 2.12.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The transportation company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. International Consolidated Airlines Group had a return on equity of 115.72% and a net margin of 8.98%. The firm had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $6.85 billion. On average, sell-side analysts anticipate that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current fiscal 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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