International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Update

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 1,800 shares, a drop of 86.9% from the June 30th total of 13,700 shares. Based on an average daily volume of 99,200 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded International Consolidated Airlines Group to a “hold” rating in a research note on Friday, July 12th. Morgan Stanley upgraded shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, July 10th. Finally, HSBC downgraded International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $213.33.

International Consolidated Airlines Group Price Performance

ICAGY stock traded up $0.06 during mid-day trading on Thursday, reaching $4.19. 61,559 shares of the company’s stock were exchanged, compared to its average volume of 68,364. The stock’s 50 day moving average is $4.30 and its 200 day moving average is $4.10. International Consolidated Airlines Group has a 12-month low of $3.28 and a 12-month high of $4.63. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 1.39, a price-to-earnings-growth ratio of 0.91 and a beta of 2.19. The company has a debt-to-equity ratio of 4.22, a current ratio of 0.63 and a quick ratio of 0.60.

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