International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 12-Month High – Time to Buy?

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $8.23 and last traded at $8.16, with a volume of 128762 shares. The stock had previously closed at $8.02.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Up 1.7 %

The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 2.60, a P/E/G ratio of 0.67 and a beta of 2.17. The firm’s 50-day moving average is $7.38 and its 200-day moving average is $5.83. 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 issued its quarterly earnings data on Friday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $1.05. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.21 billion. As a group, sell-side analysts anticipate 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.