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International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 12-Month High - Here's Why

International Consolidated Airlines Group logo with Transportation background

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $10.30 and last traded at $10.27, with a volume of 47189 shares changing hands. The stock had previously closed at $10.02.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th.

View Our Latest Analysis on ICAGY

International Consolidated Airlines Group Stock Down 1.2%

The stock has a market capitalization of $23.43 billion, a PE ratio of 3.53, a price-to-earnings-growth ratio of 0.86 and a beta of 2.12. 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's fifty day moving average price is $9.25 and its two-hundred day moving average price is $8.19.

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 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. International Consolidated Airlines Group had a net margin of 8.98% and a return on equity of 115.72%. The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $6.85 billion. On average, equities research analysts forecast that International Consolidated Airlines Group SA will post 1.07 EPS for the current fiscal year.

About International Consolidated Airlines Group

(Get Free Report)

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.

Further Reading

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