International Consolidated Airlines Group (OTCMKTS:ICAGY) Sets New 1-Year High – Time to Buy?

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) reached a new 52-week high on Monday . The company traded as high as $12.3601 and last traded at $12.35, with a volume of 7683 shares trading hands. The stock had previously closed at $12.28.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Barclays raised International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Consolidated Airlines Group presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 2.90, a P/E/G ratio of 0.83 and a beta of 1.62. The business’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $10.85.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results on Friday, May 8th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.06 by $0.15. International Consolidated Airlines Group had a net margin of 10.38% and a return on equity of 100.80%. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.41 billion. On average, research analysts forecast that International Consolidated Airlines Group SA will post 1.5 earnings per share for the current year.

About International Consolidated Airlines Group

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.