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

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 167,900 shares, a drop of 35.9% from the January 31st total of 262,000 shares. Based on an average trading volume of 309,900 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

ICAGY has been the subject of a number of research analyst reports. The Goldman Sachs Group cut International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Sanford C. Bernstein downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

International Consolidated Airlines Group stock traded down $0.54 during trading hours on Tuesday, hitting $8.14. The company had a trading volume of 294,216 shares, compared to its average volume of 146,025. The firm has a 50-day moving average of $8.10 and a 200 day moving average of $6.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. The firm has a market cap of $19.66 billion, a PE ratio of 2.59, a PEG ratio of 0.69 and a beta of 2.17. International Consolidated Airlines Group has a one year low of $3.54 and a one year high of $9.11.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The company had revenue of $8.58 billion for the quarter, compared to analyst estimates of $7.62 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. On average, sell-side analysts expect that International Consolidated Airlines Group will post 1.07 earnings per share 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.