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

Key Points

• Short interest rose 232.3% in March to 178,663 shares, though the days-to-cover remains low at about 0.4 days based on average volume.
• The stock carries a consensus rating of "Moderate Buy" (4 Buys, 1 Hold, 1 Sell) after mixed recent actions — Barclays upgraded to Overweight while Zacks downgraded to Hold.
• Quarterly EPS beat — IAG reported $0.82 EPS versus a $0.33 estimate while revenue of $9.29B missed $9.64B, and the shares trade at a low PE of 2.66 with a market cap near $24 billion.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 178,663 shares, a growth of 232.3% from the March 15th total of 53,765 shares. Based on an average trading volume of 505,566 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company's shares are short sold.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 20th. Barclays upgraded International Consolidated Airlines Group from an "equal weight" rating to an "overweight" rating in a report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

International Consolidated Airlines Group Stock Performance

Shares of ICAGY stock opened at $10.51 on Friday. The business's 50 day simple moving average is $10.62 and its 200 day simple moving average is $10.70. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66. The stock has a market capitalization of $23.99 billion, a PE ratio of 2.66, a PEG ratio of 0.50 and a beta of 1.65. International Consolidated Airlines Group has a one year low of $6.17 and a one year high of $12.36.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.49. International Consolidated Airlines Group had a net margin of 10.21% and a return on equity of 98.60%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.64 billion. As a group, research 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 OTCMKTS: ICAGY is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG's principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.

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