International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Update

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decline of 98.2% from the February 13th total of 167,900 shares. Based on an average trading volume of 290,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY opened at $7.14 on Thursday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of $17.16 billion, a P/E ratio of 2.27, a P/E/G ratio of 0.69 and a beta of 2.16. The company’s fifty day moving average is $8.15 and its two-hundred day moving average is $6.71. International Consolidated Airlines Group has a 1 year low of $3.72 and a 1 year high of $9.11.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on ICAGY shares. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.