International Consolidated Airlines Group (LON:IAG) Hits New 1-Year High - Here's What Happened

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 348.70 ($4.32) and last traded at GBX 347.10 ($4.30), with a volume of 28061061 shares trading hands. The stock had previously closed at GBX 340.60 ($4.22).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IAG. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and increased their target price for the company from GBX 215 ($2.66) to GBX 400 ($4.96) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th.

International Consolidated Airlines Group Stock Down 3.1 %

The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70. The stock's fifty day simple moving average is GBX 308.91 and its two-hundred day simple moving average is GBX 236.66. The company has a market capitalization of £17.39 billion, a price-to-earnings ratio of 844.76, a P/E/G ratio of 0.21 and a beta of 2.31.

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.