Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Rises By 207.7%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 40,000 shares, an increase of 207.7% from the March 31st total of 13,000 shares. Based on an average daily volume of 328,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

International Consolidated Airlines Group Price Performance

ICAGY traded down $0.17 during trading on Wednesday, reaching $6.91. 58,549 shares of the company traded hands, compared to its average volume of 156,622. International Consolidated Airlines Group has a 12-month low of $4.01 and a 12-month high of $9.11. The firm has a fifty day simple moving average of $7.18 and a 200 day simple moving average of $7.13. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The company has a market cap of $16.54 billion, a P/E ratio of 2.20, a PEG ratio of 0.69 and a beta of 1.92.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.07. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The company had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $7.62 billion. On average, equities analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ICAGY. Barclays cut International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, March 12th. The Goldman Sachs Group downgraded International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Sanford C. Bernstein downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

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.