International Consolidated Airlines Group SA (OTCMKTS: ICAGY) Short Interest Up 23.7% in July

International Consolidated Airlines Group SA (OTCMKTS: ICAGY – Get Rating) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 310,500 shares, a growth of 23.7% from the June 30th total of 251,100 shares. Based on an average trading volume of 308,300 shares, the days-to-cover ratio is presently 1.0 days.

International Consolidated Airlines Group Stock Down 1.4%

Shares of ICAGY opened at $ 2.84 on Tuesday. The business’s 50-day moving average price is $ 2.83 and its 200-day moving average price is $ 3.43. International Consolidated Airlines Group has a twelve month low of $ 2.42 and a twelve month high of $ 5.29. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 20.19.

International Consolidated Airlines Group (OTCMKTS: ICAGY – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The transportation company reported ($ 0.92) earnings per share for the quarter, missing the consensus estimate of ($ 0.35) by ($ 0.57). The company had revenue of $ 3.85 billion during the quarter, compared to the consensus estimate of $ 3.28 billion. International Consolidated Airlines Group had a negative return on equity of 536.17% and a negative net margin of 10.20%. On average, analysts predict that International Consolidated Airlines Group will post -0.13 earnings per share for the current year.

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A number of research firms have issued reports on ICAGY. Kepler Capital Markets raised shares of International Consolidated Airlines Group from a “reduce” rating to a “buy” rating in a report on Tuesday, May 31st. UBS Group cut their price target on shares of International Consolidated Airlines Group from GBX 196 ($ 2.40) to GBX 180 ($ 2.21) in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of International Consolidated Airlines Group from GBX 155 ($ 1.90) to GBX 140 ($ 1.72) in a report on Friday, June 24th. Morgan Stanley downgraded shares of International Consolidated Airlines Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 31st. Finally, Barclays dropped their price objective on shares of International Consolidated Airlines Group from GBX 2.05 ($ 0.03) to GBX 2 ($ 0.02) in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $ 65.25.

About International Consolidated Airlines Group

(Get Rating)

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.

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