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

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.11 and last traded at $8.10, with a volume of 156336 shares changing hands. The stock had previously closed at $7.73.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

The firm has a market capitalization of $19.88 billion, a PE ratio of 2.61, a PEG ratio of 0.67 and a beta of 2.17. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71. The company has a 50-day moving average of $7.21 and a 200 day moving average of $5.72.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $1.05. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.21 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. Equities research analysts predict that International Consolidated Airlines Group S.A. will post 1.07 EPS for the current 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.