International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Down 74.7% in May

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 14,700 shares, a drop of 74.7% from the April 30th total of 58,100 shares. Based on an average daily trading volume, of 187,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ICAGY. The Goldman Sachs Group lowered shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Barclays lowered shares of International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein cut International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, International Consolidated Airlines Group has an average rating of "Hold".

International Consolidated Airlines Group Stock Down 2.2%

ICAGY stock traded down $0.20 during midday trading on Friday, reaching $8.74. 82,092 shares of the company's stock traded hands, compared to its average volume of 142,992. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 2.78, a P/E/G ratio of 0.69 and a beta of 2.05. The firm's fifty day moving average price is $7.34 and its 200-day moving average price is $7.53. International Consolidated Airlines Group has a 52 week low of $4.01 and a 52 week high of $9.11. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its earnings results on Friday, May 9th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $7.41 billion for the quarter, compared to analysts' expectations of $6.85 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. As a group, sell-side 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.