Shares of International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.43 and last traded at $4.39, with a volume of 222185 shares trading hands. The stock had previously closed at $4.28.
Wall Street Analysts Forecast Growth
ICAGY has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised shares of International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 21st. Finally, Morgan Stanley downgraded shares of International Consolidated Airlines Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, International Consolidated Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.
Read Our Latest Stock Report on International Consolidated Airlines Group
International Consolidated Airlines Group Stock Performance
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last released its earnings results on Sunday, February 25th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.43. International Consolidated Airlines Group had a net margin of 9.05% and a return on equity of 380.77%. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.76 billion. On average, sell-side analysts anticipate that International Consolidated Airlines Group S.A. will post 0.93 EPS for the current year.
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.
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