Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Rises By 5.6%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,900 shares, a growth of 5.6% from the July 15th total of 1,800 shares. Based on an average trading volume of 108,900 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ICAGY. Morgan Stanley upgraded International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, July 10th. Hsbc Global Res upgraded shares of International Consolidated Airlines Group to a “hold” rating in a research report on Friday, July 12th. Finally, HSBC lowered shares of International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $230.00.

International Consolidated Airlines Group Trading Up 0.9 %

Shares of ICAGY stock opened at $4.40 on Tuesday. The business has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $4.16. International Consolidated Airlines Group has a 12-month low of $3.28 and a 12-month high of $4.63. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 4.22. The firm has a market cap of $4.33 billion, a P/E ratio of 1.46, a price-to-earnings-growth ratio of 0.89 and a beta of 2.19.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, August 2nd. The transportation company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.67. The company had revenue of $8.93 billion for the quarter, compared to analysts’ expectations of $9.03 billion. International Consolidated Airlines Group had a return on equity of 197.29% and a net margin of 9.14%. Equities analysts anticipate that International Consolidated Airlines Group will post 0.95 EPS for the current fiscal 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.