International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Short Interest Update

Key Points

• International Consolidated Airlines Group SA experienced a significant increase in short interest in July, rising by 137.1% to 42,200 shares from 17,800 shares at the end of June.
• Analysts have recently upgraded their ratings on the stock, with Barclays moving from "underweight" to "equal weight" and Sanford C. Bernstein shifting from "market perform" to "outperform."
• The company reported quarterly earnings of $1.29 EPS, significantly beating analysts' estimates, and generated $10.06 billion in revenue, surpassing consensus expectations of $8.77 billion.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 42,200 shares, agrowthof137.1% from the June 30th total of 17,800 shares. Based on an average trading volume of 143,300 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 143,300 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday. UBS Group downgraded International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research note on Wednesday. Finally, Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, International Consolidated Airlines Group has a consensus rating of "Hold".

International Consolidated Airlines Group Stock Up 0.5%

Shares of International Consolidated Airlines Group stock traded up $0.05 during trading hours on Thursday, reaching $9.98. 68,461 shares of the company's stock were exchanged, compared to its average volume of 70,423. The stock has a market cap of $23.30 billion, a P/E ratio of 3.19, a P/E/G ratio of 0.87 and a beta of 2.23. The company has a 50 day moving average of $9.43 and a two-hundred day moving average of $8.31. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 2.25. International Consolidated Airlines Group has a fifty-two week low of $4.10 and a fifty-two week high of $10.34.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.79. International Consolidated Airlines Group had a return on equity of 166.61% and a net margin of 9.52%. The firm had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $8.77 billion. On average, sell-side analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

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.