International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 52-Week High at $4.84

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $4.84 and last traded at $4.80, with a volume of 45681 shares changing hands. The stock had previously closed at $4.75.

Wall Street Analyst Weigh In

ICAGY has been the topic of a number of recent analyst reports. Morgan Stanley raised International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a report on Wednesday, July 10th. Hsbc Global Res raised shares of International Consolidated Airlines Group to a “hold” rating in a report on Friday, July 12th. Finally, HSBC downgraded shares of 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

International Consolidated Airlines Group Stock Down 2.2 %

The business’s 50 day moving average is $4.39 and its 200 day moving average is $4.25. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 1.65, a price-to-earnings-growth ratio of 0.94 and a beta of 2.20.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results 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 the consensus estimate of $9.03 billion. International Consolidated Airlines Group had a return on equity of 126.83% and a net margin of 8.63%. Equities analysts expect that International Consolidated Airlines Group S.A. will post 1.04 earnings per share for the current year.

International Consolidated Airlines Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be paid a $0.0671 dividend. The ex-dividend date of this dividend is Friday, September 6th. International Consolidated Airlines Group’s dividend payout ratio (DPR) is currently 1.99%.

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.