International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Short Interest Down 41.7% in April

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 73,874 shares, a drop of 41.7% from the April 15th total of 126,731 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 143,740 shares, the days-to-cover ratio is currently 0.5 days.

International Consolidated Airlines Group Price Performance

Shares of International Consolidated Airlines Group stock traded down $0.25 during trading on Friday, reaching $10.02. The company’s stock had a trading volume of 84,562 shares, compared to its average volume of 98,549. The stock has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $10.69. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.48. International Consolidated Airlines Group has a one year low of $8.22 and a one year high of $12.36. The stock has a market capitalization of $22.37 billion, a P/E ratio of 2.35, a price-to-earnings-growth ratio of 0.53 and a beta of 1.60.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. International Consolidated Airlines Group had a return on equity of 75.60% and a net margin of 10.38%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.41 billion. As a group, sell-side analysts anticipate that International Consolidated Airlines Group will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ICAGY. Barclays raised International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Zacks Research cut International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.