International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 52-Week High - Time to Buy?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $9.25 and last traded at $9.25, with a volume of 47113 shares changing hands. The stock had previously closed at $8.98.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ICAGY shares. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday. Barclays downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a report 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

International Consolidated Airlines Group Trading Up 0.5%

The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 2.25. The firm's 50-day simple moving average is $8.29 and its 200 day simple moving average is $7.87. The stock has a market capitalization of $21.70 billion, a P/E ratio of 3.16, a PEG ratio of 0.92 and a beta of 2.12.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.85 billion. Equities research analysts anticipate that International Consolidated Airlines Group SA will post 1.07 EPS 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.