Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Rises By 2,500.0%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 13,000 shares, a growth of 2,500.0% from the March 15th total of 500 shares. Based on an average daily volume of 263,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

ICAGY has been the subject of a number of research reports. Barclays cut International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein downgraded International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group cut shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, International Consolidated Airlines Group presently has an average rating of "Hold".

International Consolidated Airlines Group Price Performance

Shares of OTCMKTS ICAGY traded up $0.05 during trading on Friday, hitting $6.54. 29,500 shares of the company were exchanged, compared to its average volume of 152,692. The firm's fifty day moving average price is $7.43 and its 200 day moving average price is $7.03. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 2.08, a PEG ratio of 0.69 and a beta of 1.92. International Consolidated Airlines Group has a 1 year low of $4.01 and a 1 year high of $9.11.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its 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. The company had revenue of $8.58 billion during the quarter, compared to analysts' expectations of $7.62 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. On average, sell-side analysts expect that International Consolidated Airlines Group will post 1.07 earnings per share 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.