International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Sees Large Drop in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a drop of 83.3% from the February 28th total of 3,000 shares. Based on an average trading volume of 429,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, March 12th. Sanford C. Bernstein lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

International Consolidated Airlines Group Trading Down 1.3 %

OTCMKTS:ICAGY traded down $0.10 during trading hours on Thursday, hitting $7.56. The company had a trading volume of 28,114 shares, compared to its average volume of 150,732. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. International Consolidated Airlines Group has a 52 week low of $3.86 and a 52 week high of $9.11. The company has a market capitalization of $18.17 billion, a PE ratio of 2.41, a price-to-earnings-growth ratio of 0.69 and a beta of 2.16. The stock has a 50-day moving average price of $8.13 and a 200 day moving average price of $6.89.

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

International Consolidated Airlines Group Company Profile

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.