International Consolidated Airlines Group (LON:IAG) Hits New 52-Week High – Here’s What Happened

Shares of International Consolidated Airlines Group S.A. (LON:IAG) reached a new 52-week high on Tuesday . The company traded as high as GBX 325.80 ($4.02) and last traded at GBX 322.40 ($3.98), with a volume of 19802408 shares. The stock had previously closed at GBX 316.91 ($3.91).

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IAG. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and upped their price target for the stock from GBX 215 ($2.65) to GBX 400 ($4.93) in a research note on Wednesday, December 11th.

International Consolidated Airlines Group Trading Up 1.0 %

The stock has a market capitalization of £15.97 billion, a PE ratio of 775.96, a P/E/G ratio of 0.21 and a beta of 2.31. The firm has a 50 day moving average price of GBX 279.95 and a 200 day moving average price of GBX 219.15. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.

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.