International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 52-Week High at $4.43

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.43 and last traded at $4.37, with a volume of 104533 shares changing hands. The stock had previously closed at $4.36.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ICAGY. JPMorgan Chase & Co. raised International Consolidated Airlines Group from an "underweight" rating to an "overweight" rating in a research report on Wednesday, March 6th. Morgan Stanley cut International Consolidated Airlines Group from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada raised International Consolidated Airlines Group from a "sector perform" rating to an "outperform" rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, International Consolidated Airlines Group currently has a consensus rating of "Hold" and a consensus target price of $213.33.

International Consolidated Airlines Group Stock Performance

The stock has a 50 day simple moving average of $3.86 and a two-hundred day simple moving average of $3.77. The firm has a market cap of $4.29 billion, a PE ratio of 1.49, a price-to-earnings-growth ratio of 0.92 and a beta of 2.25.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its quarterly earnings results on Sunday, February 25th. The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.43. International Consolidated Airlines Group had a return on equity of 380.77% and a net margin of 9.05%. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.76 billion. Equities research analysts forecast that International Consolidated Airlines Group S.A. will post 0.93 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.