International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Sees Large Growth in Short Interest

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 228,773 shares, a growth of 209.7% from the April 30th total of 73,874 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 237,178 shares, the days-to-cover ratio is currently 1.0 days.

International Consolidated Airlines Group Stock Up 1.4%

ICAGY stock opened at $11.60 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $25.90 billion, a PE ratio of 2.72 and a beta of 1.60. International Consolidated Airlines Group has a 1-year low of $8.22 and a 1-year high of $12.36. The business’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $10.70.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, May 8th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.41 billion. International Consolidated Airlines Group had a return on equity of 75.60% and a net margin of 10.38%. As a group, research analysts anticipate that International Consolidated Airlines Group will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ICAGY shares. Barclays raised International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Zacks Research lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, International Consolidated Airlines Group presently 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.