International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) to Issue Dividend of $0.07

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) announced a dividend on Wednesday, August 28th, NASDAQ reports. Stockholders of record on Friday, September 6th will be paid a dividend of 0.0671 per share by the transportation company on Monday, September 16th. The ex-dividend date is Friday, September 6th.

International Consolidated Airlines Group Price Performance

OTCMKTS:ICAGY opened at $4.75 on Wednesday. The stock has a market capitalization of $4.65 billion, a PE ratio of 1.58, a P/E/G ratio of 0.94 and a beta of 2.19. International Consolidated Airlines Group has a 1-year low of $3.28 and a 1-year high of $4.80. The firm has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $4.24. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, August 2nd. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.67. The firm had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $9.03 billion. International Consolidated Airlines Group had a net margin of 8.63% and a return on equity of 126.83%. On average, research analysts expect that International Consolidated Airlines Group will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.