International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Up 0.7% - Should You Buy?

Key Points

• The share price of International Consolidated Airlines Group rose by 0.7% to $10.58, with trading volume down 35% from its average.
• Analysts have a mixed outlook on the company, with ratings varying from a Strong Buy to a Sell, resulting in an average rating of Moderate Buy.
• The company reported a significant earnings beat with $1.29 EPS against an estimate of $0.50, and revenues of $10.06 billion exceeding expectations.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report)'s share price traded up 0.7% during mid-day trading on Monday . The stock traded as high as $10.62 and last traded at $10.58. 37,701 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 57,601 shares. The stock had previously closed at $10.51.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley assumed coverage on International Consolidated Airlines Group in a report on Wednesday, October 15th. They set an "overweight" rating for the company. Zacks Research raised shares of International Consolidated Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Sanford C. Bernstein upgraded shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. Barclays raised shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Finally, UBS Group cut shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Up 0.7%

The firm's 50 day moving average is $10.44 and its two-hundred day moving average is $9.22. The firm has a market cap of $24.38 billion, a P/E ratio of 3.38, a price-to-earnings-growth ratio of 0.63 and a beta of 2.10. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99.

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