Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Declines By 65.9%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 216,500 shares, a decline of 65.9% from the December 15th total of 635,300 shares. Based on an average trading volume of 206,200 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

International Consolidated Airlines Group stock traded down $0.31 during trading on Monday, reaching $7.42. The company had a trading volume of 109,491 shares, compared to its average volume of 152,484. The firm’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $5.55. International Consolidated Airlines Group has a 52 week low of $3.51 and a 52 week 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. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 2.36, a price-to-earnings-growth ratio of 0.72 and a beta of 2.17.

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