International Consolidated Airlines Group (OTCMKTS:ICAGY) Trading Down 0.8%

Shares of International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) traded down 0.8% during mid-day trading on Friday . The stock traded as low as $4.30 and last traded at $4.33. 26,037 shares traded hands during trading, a decline of 68% from the average session volume of 82,588 shares. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley lowered International Consolidated Airlines Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. upgraded shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada upgraded shares of International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $213.33.

International Consolidated Airlines Group Price Performance

The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 1.48, a P/E/G ratio of 0.93 and a beta of 2.25. The firm’s 50 day moving average price is $4.04 and its two-hundred day moving average price is $3.84.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Sunday, February 25th. The transportation company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.43. The firm had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.76 billion. International Consolidated Airlines Group had a net margin of 9.05% and a return on equity of 380.77%. On average, analysts anticipate that International Consolidated Airlines Group S.A. will post 0.93 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.