International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Down 83.3% in March

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a decline of 83.3% from the February 28th total of 3,000 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 429,900 shares, the short-interest ratio is currently 0.0 days.

International Consolidated Airlines Group Stock Down 1.3 %

Shares of ICAGY traded down $0.10 during trading hours on Wednesday, hitting $7.56. The stock had a trading volume of 28,114 shares, compared to its average volume of 150,732. International Consolidated Airlines Group has a 1-year low of $3.86 and a 1-year high of $9.11. The firm has a market capitalization of $18.17 billion, a P/E ratio of 2.41, a price-to-earnings-growth ratio of 0.69 and a beta of 2.16. The firm has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $6.89. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. The business had revenue of $8.58 billion for the quarter, compared to analyst estimates of $7.62 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. Sell-side analysts predict that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Sanford C. Bernstein lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Barclays downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.