International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above 200-Day Moving Average of $168.89

International Consolidated Airlines Group S.A. (LON:IAG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 168.89 ($2.22) and traded as high as GBX 186.40 ($2.45). International Consolidated Airlines Group shares last traded at GBX 186.15 ($2.45), with a volume of 45,349,015 shares traded.

Analyst Ratings Changes

A number of analysts have commented on IAG shares. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 230 ($3.02) target price on shares of International Consolidated Airlines Group in a report on Tuesday, June 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a report on Thursday, June 13th.

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 337.70, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a market cap of £9.27 billion, a PE ratio of 450.36, a PEG ratio of 0.21 and a beta of 2.31. The business has a 50-day simple moving average of GBX 171.96 and a 200 day simple moving average of GBX 169.03.

International Consolidated Airlines Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 9th. Shareholders of record on Thursday, September 5th will be paid a dividend of €0.03 ($0.03) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 5th. International Consolidated Airlines Group’s payout ratio is 1,190.48%.

International Consolidated Airlines Group Company Profile

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.