International Consolidated Airlines Group (LON:IAG) Hits New 12-Month 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 stock traded as high as GBX 308.80 ($3.85) and last traded at GBX 308.70 ($3.85), with a volume of 64625289 shares trading hands. The stock had previously closed at GBX 304.50 ($3.80).

Analyst Ratings Changes

Several equities analysts have recently weighed in on IAG shares. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and increased their price objective for the stock from GBX 215 ($2.68) to GBX 400 ($4.99) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reissued a "buy" rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Trading Up 0.8 %

The stock has a 50-day simple moving average of GBX 264.14 and a two-hundred day simple moving average of GBX 211.11. The firm has a market capitalization of £15.03 billion, a P/E ratio of 730.48, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70.

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.