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

Key Points

• International Consolidated Airlines Group SA's short interest decreased by 47.2% in September, bringing the total to 1,900 shares from 3,600 shares in August.
• Analysts' ratings show a mixed outlook for ICAGY, with two "Buy" ratings, three "Hold" ratings, and one "Sell" rating, resulting in an average rating of "Hold".
• The company's recent earnings report revealed an EPS of $1.29, significantly exceeding the consensus estimate of $0.50, contributing to a revenue of $10.06 billion for the quarter.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,900 shares, a decline of 47.2% from the August 31st total of 3,600 shares. Based on an average daily trading volume, of 109,400 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 109,400 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research firms have weighed in on ICAGY. 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. Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. UBS Group cut International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 6th. Finally, Zacks Research cut International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold".

International Consolidated Airlines Group Price Performance

OTCMKTS:ICAGY traded down $0.02 during trading hours on Friday, reaching $10.33. The company had a trading volume of 52,968 shares, compared to its average volume of 51,320. The stock has a 50-day moving average of $10.28 and a two-hundred day moving average of $8.92. International Consolidated Airlines Group has a one year low of $4.92 and a one year high of $10.71. The firm has a market capitalization of $23.87 billion, a PE ratio of 3.30, a PEG ratio of 0.81 and a beta of 2.10. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its earnings results on Friday, August 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.50 by $0.79. The company had revenue of $10.06 billion for the quarter, compared to analysts' expectations of $8.77 billion. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%. Analysts forecast that International Consolidated Airlines Group will post 1.07 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.