International Consolidated Airlines Group (OTCMKTS:ICAGY) Sees Strong Trading Volume on Analyst Upgrade

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) shares saw unusually-high trading volume on Monday after Barclays upgraded the stock from an equal weight rating to an overweight rating. Approximately 186,920 shares traded hands during mid-day trading, an increase of 119% from the previous session’s volume of 85,510 shares.The stock last traded at $9.55 and had previously closed at $9.69.

Separately, Zacks Research raised shares of International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One investment 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 company’s stock. According to MarketBeat.com, International Consolidated Airlines Group presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Up 2.3%

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 company’s 50-day moving average is $11.34 and its 200-day moving average is $10.81. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 2.51, a PEG ratio of 0.45 and a beta of 1.58.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, February 27th. The transportation company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.49. International Consolidated Airlines Group had a net margin of 10.21% and a return on equity of 167.88%. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.64 billion. Research analysts anticipate that International Consolidated Airlines Group SA will post 1.07 earnings per share for the current fiscal year.

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.