International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 12-Month High – Here’s Why

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s share 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.

Wall Street Analyst Weigh In

ICAGY has been the subject of a number of research analyst reports. HSBC downgraded shares of International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Morgan Stanley raised shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, July 10th. Finally, Hsbc Global Res raised shares of International Consolidated Airlines Group to a “hold” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Up 2.2 %

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

International Consolidated Airlines Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 16th. Stockholders 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 dividend payout ratio is presently 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.