International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 12-Month High – Here’s What Happened

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $7.38 and last traded at $7.22, with a volume of 100234 shares traded. The stock had previously closed at $7.30.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of $7.26 billion, a P/E ratio of 2.31, a PEG ratio of 0.71 and a beta of 2.23. The business has a 50-day moving average price of $5.86 and a 200 day moving average price of $4.99.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, beating the consensus estimate of $0.55 by $1.05. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.21 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 103.74%. As a group, sell-side analysts forecast that International Consolidated Airlines Group S.A. will post 1.06 EPS for the current fiscal 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.