International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Unusually high volume: 430,254 shares changed hands Monday, a 347% increase from the prior session, with the stock last trading at $9.49 (up about 0.7%).
• Positive analyst momentum: Barclays upgraded to "overweight" and Zacks to "strong-buy," and the consensus from analysts is a "Moderate Buy" (1 Strong Buy, 4 Buy, 1 Sell).
• Mixed fundamentals: IAG beat EPS expectations for the quarter ($0.82 vs. $0.33) but missed revenue estimates, trades at a low P/E of 2.39 with a $21.6B market cap, and shows leverage and liquidity concerns (debt/equity 1.99, current ratio 0.68).

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) saw an uptick in trading volume on Monday . 430,254 shares changed hands during trading, an increase of 347% from the previous session's volume of 96,222 shares.The stock last traded at $9.49 and had previously closed at $9.39.

Wall Street Analysts Forecast Growth

ICAGY has been the subject of several recent analyst reports. Barclays upgraded International Consolidated Airlines Group from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 9th. Zacks Research upgraded International Consolidated Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Up 0.7%

The stock has a market cap of $21.59 billion, a P/E ratio of 2.39, a P/E/G ratio of 0.44 and a beta of 1.58. 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 firm's fifty day moving average is $11.24 and its 200 day moving average is $10.79.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.49. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.64 billion. International Consolidated Airlines Group had a return on equity of 167.88% and a net margin of 10.21%. As a group, equities research analysts forecast 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 OTCMKTS: ICAGY is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG's principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.

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