International Consolidated Airlines Group (LON:IAG) Sets New 52-Week Low – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 3.89 ($0.05) and last traded at GBX 332.40 ($4.10), with a volume of 38898152 shares changing hands. The stock had previously closed at GBX 328.50 ($4.05).

Wall Street Analysts Forecast Growth

IAG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and boosted their price target for the company from GBX 215 ($2.65) to GBX 400 ($4.93) in a report on Wednesday, December 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70. The firm’s 50 day moving average is GBX 282.09 and its 200-day moving average is GBX 220.29. The firm has a market cap of £16.29 billion, a price-to-earnings ratio of 791.43, a price-to-earnings-growth 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.