International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 1-Year High - Still a Buy?

Key Points

• International Consolidated Airlines Group SA's stock reached a new 52-week high, trading at $10.67 with a market cap of $24.79 billion.
• Analyst ratings show mixed sentiments, with two analysts rating the stock as a Buy, while others have issued Hold and Sell ratings, resulting in a consensus rating of "Hold".
• The company reported strong quarterly earnings with $1.29 earnings per share, significantly surpassing the consensus estimate of $0.50.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.67 and last traded at $10.67, with a volume of 40610 shares changing hands. The stock had previously closed at $10.61.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ICAGY shares. Zacks Research downgraded International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Finally, UBS Group downgraded International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold".

International Consolidated Airlines Group Stock Down 0.3%

The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. The company has a market capitalization of $23.91 billion, a PE ratio of 3.29, a P/E/G ratio of 0.81 and a beta of 2.19. The business has a 50-day moving average of $10.20 and a 200 day moving average of $8.68.

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

About International Consolidated Airlines Group

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.