International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Significant Growth in Short Interest

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 21,358 shares, a growth of 570.6% from the December 31st total of 3,185 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 67,194 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 67,194 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

ICAGY has been the topic of several research reports. Morgan Stanley initiated coverage on shares of International Consolidated Airlines Group in a research report on Wednesday, October 15th. They set an “overweight” rating on the stock. The Goldman Sachs Group raised shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Down 0.1%

Shares of International Consolidated Airlines Group stock traded down $0.01 during trading on Wednesday, hitting $11.45. 17,863 shares of the company were exchanged, compared to its average volume of 41,510. The firm has a market capitalization of $26.13 billion, a P/E ratio of 3.47, a price-to-earnings-growth ratio of 0.41 and a beta of 1.65. The firm’s fifty day moving average price is $10.88 and its 200 day moving average price is $10.55. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. International Consolidated Airlines Group has a 1-year low of $5.60 and a 1-year high of $11.77.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, November 7th. The transportation company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $1.09. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 112.24%. The company had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.95 billion. As a group, sell-side analysts expect that International Consolidated Airlines Group will post 1.07 earnings per share for the current fiscal 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.