International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Significant Drop in Short Interest

Key Points

• International Consolidated Airlines Group SA experienced a 44.6% drop in short interest, with short shares totaling only 3,600 as of August 31st, compared to 6,500 on August 15th.
• Wall Street analysts have mixed opinions on the stock, with two analysts rating it as a Buy, three as Hold, and one as Sell, resulting in a consensus rating of "Hold."
• The company reported an EPS of $1.29 for the last quarter, significantly exceeding the consensus estimate of $0.50, contributing to revenues of $10.06 billion against expectations of $8.77 billion.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,600 shares, a drop of 44.6% from the August 15th total of 6,500 shares. Based on an average trading volume of 114,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 114,900 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ICAGY. Zacks Research downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Barclays raised shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Finally, UBS Group downgraded shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

International Consolidated Airlines Group Stock Performance

International Consolidated Airlines Group stock opened at $10.30 on Friday. The stock has a market cap of $23.91 billion, a P/E ratio of 3.29, a price-to-earnings-growth ratio of 0.81 and a beta of 2.19. 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 50 day moving average of $10.20 and a 200-day moving average of $8.68. International Consolidated Airlines Group has a 52 week low of $4.88 and a 52 week high of $10.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released 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. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.The company had revenue of $10.06 billion during the quarter, compared to analysts' expectations of $8.77 billion. On average, analysts expect that International Consolidated Airlines Group 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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