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

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 53,765 shares, an increase of 241.4% from the February 26th total of 15,748 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 558,041 shares, the short-interest ratio is currently 0.1 days.

International Consolidated Airlines Group Price Performance

OTCMKTS ICAGY opened at $9.59 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.48. The company has a market cap of $21.89 billion, a PE ratio of 2.43, a price-to-earnings-growth ratio of 0.46 and a beta of 1.58. International Consolidated Airlines Group has a 52 week low of $5.60 and a 52 week high of $12.36. The firm’s 50-day simple moving average is $10.93 and its two-hundred day simple moving average is $10.74.

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, topping 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 98.60%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.64 billion. Research analysts predict that International Consolidated Airlines Group will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

ICAGY has been the subject of a number of research reports. Barclays raised shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Zacks Research downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.