International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 399.07 and traded as high as GBX 423.20. International Consolidated Airlines Group shares last traded at GBX 420.20, with a volume of 8,271,376 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IAG shares. Citigroup decreased their price objective on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a research note on Monday, April 20th. Royal Bank Of Canada decreased their price objective on shares of International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating for the company in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 460 price objective on shares of International Consolidated Airlines Group in a research note on Monday, May 11th. Finally, UBS Group reiterated a “sell” rating and issued a GBX 355 price objective on shares of International Consolidated Airlines Group in a research note on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 466.

International Consolidated Airlines Group Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 261.79. The company has a market cap of £18.75 billion, a P/E ratio of 5.80, a PEG ratio of 0.21 and a beta of 1.33. The business’s fifty day moving average is GBX 388.94 and its 200 day moving average is GBX 399.45.

International Consolidated Airlines Group Company Profile

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.