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

Key Points

• International Consolidated Airlines Group SA (OTCMKTS:ICAGY) experienced a significant increase in short interest, rising 594.7% to 13,200 shares as of September 30th.
• Several analysts have recently updated their ratings, with UBS Group downgrading the stock to a "sell" and Zacks Research raising it to a "strong-buy."
• The company's stock is currently down 1.4%, trading at $10.65, despite beating earnings expectations with $1.29 EPS reported for the last quarter.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 13,200 shares, a growth of 594.7% from the September 15th total of 1,900 shares. Based on an average daily volume of 95,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 95,300 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research analysts recently commented on ICAGY shares. UBS Group downgraded shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. Zacks Research raised shares of International Consolidated Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Morgan Stanley began coverage on shares of International Consolidated Airlines Group in a research report on Wednesday. They issued an "overweight" rating on the stock. Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Finally, Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Down 1.4%

Shares of ICAGY traded down $0.15 during trading hours on Friday, hitting $10.65. The company had a trading volume of 13,759 shares, compared to its average volume of 107,375. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $24.61 billion, a PE ratio of 3.40, a price-to-earnings-growth ratio of 0.65 and a beta of 2.10. International Consolidated Airlines Group has a one year low of $5.31 and a one year high of $11.01. The company's fifty day moving average price is $10.42 and its two-hundred day moving average price is $9.13.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.79. The firm had revenue of $10.06 billion for 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, equities analysts forecast 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.

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