International Consolidated Airlines Group (LON:IAG) Reaches New 52-Week Low – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 3.36 ($0.04) and last traded at GBX 340.30 ($4.28), with a volume of 270405063 shares trading hands. The stock had previously closed at GBX 336.10 ($4.23).

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and raised their target price for the stock from GBX 215 ($2.71) to GBX 400 ($5.03) in a research report on Wednesday, December 11th.

International Consolidated Airlines Group Trading Up 1.3 %

The company has a market cap of £19.56 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The company’s fifty day moving average price is GBX 319.05 and its two-hundred day moving average price is GBX 245.41.

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.