International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Large Increase in Short Interest

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 42,200 shares, anincreaseof137.1% from the June 30th total of 17,800 shares. Based on an average trading volume of 143,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 143,300 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Several research analysts recently issued reports on ICAGY shares. UBS Group reissued a “sell” rating on shares of International Consolidated Airlines Group in a research note on Wednesday. Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, June 26th. Finally, Barclays raised shares of International Consolidated Airlines Group from an “underweight” rating to an “equal weight” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

International Consolidated Airlines Group Price Performance

ICAGY opened at $9.93 on Thursday. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 3.17, a PEG ratio of 0.88 and a beta of 2.23. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 2.25. The firm has a 50-day moving average price of $9.41 and a 200-day moving average price of $8.30. International Consolidated Airlines Group has a twelve month low of $4.07 and a twelve month high of $10.34.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.79. The firm had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $8.77 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 166.61%. Equities analysts expect that International Consolidated Airlines Group will post 1.07 EPS 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.