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

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)'s share price hit a new 52-week high during trading on Tuesday . The company 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group cut shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. 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. Finally, Barclays upgraded shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, International Consolidated Airlines Group has an average rating of "Hold".

International Consolidated Airlines Group Price Performance

The stock has a market cap of $24.16 billion, a P/E ratio of 3.31, a P/E/G ratio of 0.82 and a beta of 2.23. The business has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $8.36. 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 posted 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. The company had revenue of $10.06 billion for the quarter, compared to analyst estimates of $8.77 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 166.61%. On average, sell-side analysts forecast that International Consolidated Airlines Group SA will post 1.07 EPS 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.

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