Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Decreases By 65.9%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 216,500 shares, a drop of 65.9% from the December 31st total of 635,300 shares. Based on an average daily volume of 206,200 shares, the short-interest ratio is currently 1.0 days.

International Consolidated Airlines Group Trading Up 1.7 %

ICAGY stock traded up $0.14 during trading on Wednesday, hitting $8.16. The company had a trading volume of 128,762 shares, compared to its average volume of 131,220. The firm has a market capitalization of $19.80 billion, a P/E ratio of 2.60, a PEG ratio of 0.67 and a beta of 2.17. International Consolidated Airlines Group has a 52-week low of $3.51 and a 52-week high of $8.23. The company has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $5.83. 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 (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, topping the consensus estimate of $0.55 by $1.05. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.21 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. As a group, research analysts forecast that International Consolidated Airlines Group will post 1.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.