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

Key Points

• International Consolidated Airlines Group's share price reached a new 52-week high of $10.37, with trading volume of 61,473 shares.
• Analysts have mixed views on the stock, with one sell rating, two hold ratings, and two buy ratings, reflecting an average rating of "Hold".
• The company reported earnings per share (EPS) of $1.29 for the last quarter, significantly beating the consensus estimate of $0.50.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.37 and last traded at $10.37, with a volume of 61473 shares changing hands. The stock had previously closed at $9.98.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. Finally, UBS Group downgraded International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

International Consolidated Airlines Group Stock Up 0.9%

The firm has a fifty day simple moving average of $9.61 and a 200-day simple moving average of $8.42. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of 3.35, a P/E/G ratio of 0.86 and a beta of 2.23. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.75 and a current ratio of 0.78.

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