International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Large Growth in Short Interest

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) was the recipient of a large growth in short interest in 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 daily trading volume, of 143,300 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 143,300 shares, the short-interest ratio is presently 0.3 days.

International Consolidated Airlines Group Price Performance

OTCMKTS:ICAGY traded up $0.02 during trading hours on Friday, reaching $10.00. 64,287 shares of the company's stock were exchanged, compared to its average volume of 68,991. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $23.34 billion, a P/E ratio of 3.19, a price-to-earnings-growth ratio of 0.82 and a beta of 2.23. International Consolidated Airlines Group has a 12 month low of $4.17 and a 12 month high of $10.34. The business's 50-day simple moving average is $9.47 and its two-hundred day simple moving average is $8.34.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ICAGY shares. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, June 26th. UBS Group lowered International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday. Finally, Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, International Consolidated Airlines Group has an average 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.