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

Key Points

• Shares of International Consolidated Airlines Group reached a new 12-month high, trading as high as $11.01, with a recent trading volume of 39,919 shares.
• Analysts have mixed views on the stock, with ratings ranging from Strong Buy to Sell, leading to a consensus rating of "Moderate Buy."
• The company reported a successful quarterly earnings performance, with an EPS of $1.29, significantly surpassing analysts' estimates of $0.50, and revenue of $10.06 billion against an estimate of $8.77 billion.

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $11.01 and last traded at $11.00, with a volume of 39919 shares traded. The stock had previously closed at $10.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Zacks Research upgraded shares of International Consolidated Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. UBS Group downgraded shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 6th. Finally, Barclays upgraded shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

International Consolidated Airlines Group Stock Up 2.3%

The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $25.19 billion, a P/E ratio of 3.48, a P/E/G ratio of 0.81 and a beta of 2.10. The stock's 50 day simple moving average is $10.32 and its 200 day simple moving average is $8.98.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.79. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 110.40%. The firm had revenue of $10.06 billion for the quarter, compared to the consensus estimate of $8.77 billion. As a group, research analysts predict 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.

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