International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Up 705.9% in June

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 13,700 shares, a growth of 705.9% from the June 15th total of 1,700 shares. Based on an average trading volume of 116,700 shares, the short-interest ratio is currently 0.1 days.

International Consolidated Airlines Group Trading Up 0.4 %

Shares of International Consolidated Airlines Group stock traded up $0.02 during trading hours on Friday, reaching $4.54. The stock had a trading volume of 41,337 shares, compared to its average volume of 44,050. The firm has a 50 day simple moving average of $4.34 and a two-hundred day simple moving average of $4.07. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 1.60, a P/E/G ratio of 0.98 and a beta of 2.19. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 4.22. International Consolidated Airlines Group has a 1 year low of $3.28 and a 1 year high of $4.63.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings data on Friday, May 10th. The transportation company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.95 billion. International Consolidated Airlines Group had a return on equity of 197.29% and a net margin of 9.14%. As a group, equities research analysts anticipate that International Consolidated Airlines Group will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley raised International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a report on Wednesday. HSBC lowered International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Royal Bank of Canada raised International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

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.