International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.03 and traded as low as $6.62. International Consolidated Airlines Group shares last traded at $6.73, with a volume of 36,458 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on ICAGY. The Goldman Sachs Group cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Barclays cut International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, International Consolidated Airlines Group currently has a consensus rating of “Hold”.

International Consolidated Airlines Group Trading Up 2.3 %

The firm has a market capitalization of $16.17 billion, a PE ratio of 2.14, a PEG ratio of 0.69 and a beta of 2.16. The business has a fifty day moving average price of $8.03 and a two-hundred day moving average price of $6.96. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. The company had revenue of $8.58 billion during the quarter, compared to analyst estimates of $7.62 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. Analysts expect that International Consolidated Airlines Group S.A. will post 1.07 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.