Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Declines By 98.2%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a decline of 98.2% from the February 13th total of 167,900 shares. Based on an average trading volume of 290,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group cut International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Sanford C. Bernstein downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

International Consolidated Airlines Group Stock Down 5.2 %

OTCMKTS:ICAGY traded down $0.40 during trading hours on Wednesday, reaching $7.14. The company’s stock had a trading volume of 330,634 shares, compared to its average volume of 152,811. 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 company has a market capitalization of $17.16 billion, a P/E ratio of 2.27, a price-to-earnings-growth ratio of 0.69 and a beta of 2.16. The stock has a 50 day moving average price of $8.16 and a two-hundred day moving average price of $6.70. International Consolidated Airlines Group has a 12 month low of $3.72 and a 12 month high of $9.11.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings results on Friday, February 28th. The transportation company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.21 by $0.07. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. The firm had revenue of $8.58 billion during the quarter, compared to analyst estimates of $7.62 billion. Equities analysts predict that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal 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.