International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Sees Significant Increase in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 100.0% from the March 31st total of 900 shares. Based on an average trading volume of 120,700 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Morgan Stanley downgraded shares of International Consolidated Airlines Group from an "equal weight" rating to an "underweight" rating in a report on Tuesday, January 30th. Royal Bank of Canada raised shares of International Consolidated Airlines Group from a "sector perform" rating to an "outperform" rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. raised shares of International Consolidated Airlines Group from an "underweight" rating to an "overweight" rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $213.33.

International Consolidated Airlines Group Trading Down 0.8 %

ICAGY traded down $0.04 during midday trading on Friday, hitting $4.33. 26,037 shares of the company traded hands, compared to its average volume of 61,965. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 1.48, a PEG ratio of 0.93 and a beta of 2.25. International Consolidated Airlines Group has a 52-week low of $3.28 and a 52-week high of $4.44. The business has a 50 day simple moving average of $4.04 and a two-hundred day simple moving average of $3.84.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its quarterly earnings data on Sunday, February 25th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.43. International Consolidated Airlines Group had a net margin of 9.05% and a return on equity of 380.77%. The firm had revenue of $7.78 billion during the quarter, compared to analysts' expectations of $7.76 billion. Equities research analysts anticipate that International Consolidated Airlines Group 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.