International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 52-Week High at $5.05

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.05 and last traded at $5.05, with a volume of 101363 shares traded. The stock had previously closed at $4.98.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ICAGY shares. HSBC cut International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Morgan Stanley raised International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research report on Wednesday, July 10th. Finally, Hsbc Global Res raised shares of International Consolidated Airlines Group to a “hold” rating in a research report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, International Consolidated Airlines Group presently has an average rating of “Moderate Buy” and an average target price of $230.00.

International Consolidated Airlines Group Trading Up 1.4 %

The stock has a 50-day moving average of $4.44 and a two-hundred day moving average of $4.28. The company has a market cap of $4.97 billion, a P/E ratio of 1.65, a price-to-earnings-growth ratio of 0.97 and a beta of 2.20. 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 (OTCMKTS:ICAGY) last issued its earnings results on Friday, August 2nd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.67. The firm had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $9.03 billion. International Consolidated Airlines Group had a net margin of 8.63% and a return on equity of 126.83%. On average, equities research analysts predict that International Consolidated Airlines Group S.A. will post 1.04 earnings per share for the current year.

International Consolidated Airlines Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.0671 per share. The ex-dividend date of this dividend is Friday, September 6th. International Consolidated Airlines Group’s payout ratio is currently 1.99%.

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.