International Consolidated Airlines Group (OTCMKTS:ICAGY) Reaches New 12-Month High - What's Next?

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw its stock reach a new 52-week high during trading on Tuesday, with shares hitting a peak of $8.11. The stock's last recorded price was $8.10, with a trading volume of approximately 156,336 shares exchanged. This represents a notable increase from its previous closing price of $7.73.

Analyst Ratings Changes

In a recent development, Deutsche Bank Aktiengesellschaft has upgraded their rating on International Consolidated Airlines Group from "hold" to "buy" in a report dated December 11. Currently, two research analysts maintain a hold rating, while four analysts recommend buying the stock. As per the latest data from MarketBeat.com, International Consolidated Airlines Group holds a consensus rating classified as "Moderate Buy."

Check Out Our Latest Stock Analysis on ICAGY

International Consolidated Airlines Group Stock Performance

The stock's 50-day moving average stands at $7.13, while the 200-day moving average is notably lower at $5.68. Financial metrics for the company include a current ratio of 0.70, a quick ratio of 0.67, and a high debt-to-equity ratio of 2.71. Currently, the company boasts a market capitalization of $19.66 billion, with a price-to-earnings (P/E) ratio of 2.58 and a P/E/G ratio of 0.64, reflecting strong growth potential. The stock also has a beta of 2.17, indicating a higher volatility compared to the market.

International Consolidated Airlines Group announced its latest earnings results on November 8, where it reported earnings per share (EPS) of $1.60 for the quarter. This figure significantly surpasses analysts' predictions of $0.55 by $1.05. The company has achieved a net margin of 9.12% and an impressive return on equity of 138.31%. Its revenue for the quarter was reported at $10.25 billion compared to analysts' consensus estimate of $10.21 billion. Equity analysts predict that International Consolidated Airlines Group S.A. will deliver an EPS of 1.07 for the current fiscal year.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group S.A., including its subsidiaries, is engaged in providing both passenger and cargo transportation services across the United Kingdom, Spain, the United States, and internationally. The company also offers various services such as aircraft leasing, maintenance, tour operations, air freight, call center operations, ground handling, and airport infrastructure development. Additionally, the firm manages airline loyalty programs, further diversifying its offerings.

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