International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 1-Year High - Here's Why
International Consolidated Airlines Group (OTCMKTS:ICAGY) reached a new 52-week high of $9.43, closing at $9.36 with a trading volume of 42,364 shares. Analysts have mixed opinions, with Barclays downgrading the stock to "strong sell" while Sanford C. Bernstein upgraded it to "outperform." The stock has a market cap of $21.94 billion, a P/E ratio of 3.30, and reported $0.05 EPS for the last quarter, exceeding estimates. Analysts forecast 1.07 EPS for the current fiscal year, maintaining a consensus rating of "Hold."
International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $9.43 and last traded at $9.36, with a volume of 42364 shares. The stock had previously closed at $9.30.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on ICAGY shares. 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. Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on ICAGY
International Consolidated Airlines Group Stock Up 0.6%
The stock's fifty day moving average price is $8.40 and its 200 day moving average price is $7.90. The stock has a market cap of $21.94 billion, a P/E ratio of 3.30, a price-to-earnings-growth ratio of 0.93 and a beta of 2.12. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 2.25.
International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The transportation company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. The firm had revenue of $7.41 billion for the quarter, compared to analyst estimates of $6.85 billion. International Consolidated Airlines Group had a net margin of 8.98% and a return on equity of 115.72%. As a group, research analysts forecast that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current fiscal year.
About International Consolidated Airlines Group
(Get Free Report)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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