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

Key Points

• The short interest for International Consolidated Airlines Group SA decreased by 42.7% in July, with only 24,200 shares sold short as of July 31st.
• Analyst ratings are mixed; UBS downgraded the stock to a "sell," while Sanford C. Bernstein upgraded it to "outperform," resulting in an average rating of "Hold" from research analysts.
• In its most recent earnings report, the company reported an EPS of $1.29, significantly exceeding the consensus estimate of $0.50, with quarterly revenue of $10.06 billion.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 24,200 shares, adropof42.7% from the July 15th total of 42,200 shares. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is presently 0.2 days.

International Consolidated Airlines Group Trading Up 3.2%

Shares of OTCMKTS:ICAGY traded up $0.33 during midday trading on Friday, reaching $10.63. 51,113 shares of the company's stock were exchanged, compared to its average volume of 119,994. The firm's 50 day simple moving average is $9.71 and its two-hundred day simple moving average is $8.47. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.75. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 3.40, a P/E/G ratio of 0.86 and a beta of 2.23. International Consolidated Airlines Group has a fifty-two week low of $4.60 and a fifty-two week high of $10.67.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 110.40% and a net margin of 9.52%. As a group, sell-side analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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 downgraded International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. Finally, Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, 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.