International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Sees Large Growth in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 635,300 shares, an increase of 731.5% from the November 30th total of 76,400 shares. Based on an average trading volume of 664,700 shares, the short-interest ratio is currently 1.0 days.

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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY opened at $7.65 on Friday. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 2.43, a PEG ratio of 0.72 and a beta of 2.23. The firm has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $5.25. International Consolidated Airlines Group has a 12 month low of $3.51 and a 12 month high of $7.79. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $1.05. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.21 billion. Research analysts forecast that International Consolidated Airlines Group will post 1.06 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.