International Consolidated Airlines Group (LON:IAG) Sets New 52-Week High – Should You Buy?

Shares of International Consolidated Airlines Group S.A. (LON:IAG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 298.60 ($3.75) and last traded at GBX 296.40 ($3.73), with a volume of 16156092 shares. The stock had previously closed at GBX 293.20 ($3.69).

Analyst Upgrades and Downgrades

A number of research analysts have commented on IAG shares. JPMorgan Chase & Co. restated a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and lifted their price objective for the stock from GBX 215 ($2.70) to GBX 400 ($5.03) in a research report on Wednesday, December 11th.

International Consolidated Airlines Group Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The stock’s 50-day moving average is GBX 236.88 and its 200-day moving average is GBX 198. The stock has a market cap of £14.59 billion, a price-to-earnings ratio of 709.05, a P/E/G ratio of 0.21 and a beta of 2.31.

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.