International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 1-Year High – Time to Buy?

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.11 and last traded at $8.10, with a volume of 156336 shares. The stock had previously closed at $7.73.

Analysts Set New Price Targets

Separately, 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

The company’s fifty day moving average price is $7.13 and its 200 day moving average price is $5.68. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 2.58, a price-to-earnings-growth ratio of 0.64 and a beta of 2.17.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, beating the consensus estimate 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 business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.21 billion. Equities research analysts expect that International Consolidated Airlines Group S.A. will post 1.07 earnings per share for the current 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.