International Consolidated Airlines Group (LON:IAG) Hits New 1-Year High – Still a Buy?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 336.60 ($4.17) and last traded at GBX 335.30 ($4.16), with a volume of 71193227 shares changing hands. The stock had previously closed at GBX 330.70 ($4.10).

Analyst Upgrades and Downgrades

IAG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and lifted their price objective for the company from GBX 215 ($2.66) to GBX 400 ($4.96) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reiterated 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 market capitalization of £16.56 billion, a price-to-earnings ratio of 804.52, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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 has a 50-day simple moving average of GBX 296.72 and a 200-day simple moving average of GBX 228.48.

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.