International Consolidated Airlines Group (LON:IAG) Shares Cross Above 200 Day Moving Average – What’s Next?

International Consolidated Airlines Group S.A. (LON:IAG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 251.12 ($3.18) and traded as high as GBX 328.60 ($4.16). International Consolidated Airlines Group shares last traded at GBX 321.20 ($4.07), with a volume of 11,821,495 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and boosted their target price for the company from GBX 215 ($2.72) to GBX 400 ($5.07) in a research report on Wednesday, December 11th.

International Consolidated Airlines Group Stock Up 1.5 %

The firm’s 50-day moving average price is GBX 322.38 and its 200 day moving average price is GBX 251.12. The company has a market capitalization of £19.26 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.21 and a beta of 2.31. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12.

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.