International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Update

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,000 shares, a drop 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. Approximately 0.0% of the company’s shares are short sold.

International Consolidated Airlines Group Stock Down 5.2 %

Shares of International Consolidated Airlines Group stock opened at $7.14 on Thursday. International Consolidated Airlines Group has a 52-week low of $3.72 and a 52-week high of $9.11. The company has a 50 day moving average of $8.15 and a 200 day moving average of $6.71. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $17.16 billion, a P/E ratio of 2.27, a P/E/G ratio of 0.69 and a beta of 2.16.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.