International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 52-Week High – What’s Next?

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $5.67 and last traded at $5.66, with a volume of 93056 shares. The stock had previously closed at $5.54.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research report on Wednesday, July 10th. Hsbc Global Res raised shares of International Consolidated Airlines Group to a “hold” rating in a report on Friday, July 12th. Finally, HSBC lowered International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

The business has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $4.65. The company has a market capitalization of $5.55 billion, a P/E ratio of 1.95, a PEG ratio of 0.87 and a beta of 2.19. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a dividend of $0.0671 per share. The ex-dividend date was Friday, September 6th. International Consolidated Airlines Group’s payout ratio is 1.72%.

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.