International Consolidated Airlines Group (LON:IAG) Share Price Passes Above 200 Day Moving Average of $162.02

International Consolidated Airlines Group S.A. (LON:IAG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.02 ($2.05) and traded as high as GBX 173.80 ($2.20). International Consolidated Airlines Group shares last traded at GBX 173.35 ($2.19), with a volume of 22,123,291 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 230 ($2.91) target price on shares of International Consolidated Airlines Group in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft increased their price target on International Consolidated Airlines Group from GBX 200 ($2.53) to GBX 215 ($2.72) and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Finally, 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 Down 1.1 %

The stock has a fifty day moving average of GBX 172.92 and a 200 day moving average of GBX 162.11. The firm has a market capitalization of £8.50 billion, a P/E ratio of 386.44, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 490.60, a current ratio of 0.63 and a quick ratio of 0.63.

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.