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

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 3,398 shares, a decline of 16.9% from the November 30th total of 4,087 shares. Based on an average daily volume of 77,374 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 77,374 shares, the short-interest ratio is presently 0.0 days.

International Consolidated Airlines Group Stock Performance

OTCMKTS ICAGY traded down $0.05 during trading hours on Wednesday, hitting $11.02. The company had a trading volume of 10,041 shares, compared to its average volume of 94,507. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The firm has a market cap of $25.18 billion, a P/E ratio of 3.34, a price-to-earnings-growth ratio of 0.64 and a beta of 1.65. International Consolidated Airlines Group has a fifty-two week low of $5.60 and a fifty-two week high of $11.30. The business has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $10.26.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, November 7th. The transportation company reported $1.77 EPS for the quarter, topping the consensus estimate 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 business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.95 billion. Equities analysts predict that International Consolidated Airlines Group will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ICAGY. Zacks Research lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Morgan Stanley assumed coverage on International Consolidated Airlines Group in a report on Wednesday, October 15th. They issued an “overweight” rating for the company. Finally, The Goldman Sachs Group upgraded International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.