Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Expands By 100.0%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 100.0% from the March 31st total of 900 shares. Based on an average daily volume of 120,700 shares, the short-interest ratio is currently 0.0 days.

International Consolidated Airlines Group Price Performance

OTCMKTS:ICAGY traded down $0.04 during trading hours on Friday, reaching $4.33. 26,037 shares of the company traded hands, compared to its average volume of 61,965. The firm’s 50-day moving average is $4.04 and its 200-day moving average is $3.84. The stock has a market cap of $4.26 billion, a P/E ratio of 1.48, a P/E/G ratio of 0.93 and a beta of 2.25. International Consolidated Airlines Group has a 1-year low of $3.28 and a 1-year high of $4.44.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings data on Sunday, February 25th. The transportation company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.43. The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.76 billion. International Consolidated Airlines Group had a return on equity of 380.77% and a net margin of 9.05%. As a group, research analysts predict that International Consolidated Airlines Group will post 0.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ICAGY shares. Royal Bank of Canada upgraded shares of International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. upgraded International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley cut shares of International Consolidated Airlines Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Consolidated Airlines Group currently has an average rating of “Hold” and an average target price of $213.33.

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.