International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Unusually-High Trading Volume – What’s Next?

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw unusually-high trading volume on Monday . Approximately 430,254 shares changed hands during mid-day trading, an increase of 347% from the previous session’s volume of 96,222 shares.The stock last traded at $9.49 and had previously closed at $9.39.

Analyst Upgrades and Downgrades

ICAGY has been the topic of a number of research reports. Zacks Research raised shares of International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Barclays upgraded shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

The company has a market cap of $21.59 billion, a P/E ratio of 2.39, a P/E/G ratio of 0.44 and a beta of 1.58. The stock has a 50-day simple moving average of $11.24 and a 200 day simple moving average of $10.79. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its earnings results on Friday, February 27th. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.49. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.64 billion. International Consolidated Airlines Group had a return on equity of 167.88% and a net margin of 10.21%. On average, equities analysts expect that International Consolidated Airlines Group SA will post 1.07 EPS for the current year.

International Consolidated Airlines Group Company Profile

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.