International Consolidated Airlines Group (LON:IAG) Hits New 52-Week High - Here's What Happened

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 339.50 ($4.34) and last traded at GBX 282 ($3.60), with a volume of 13379212 shares traded. The stock had previously closed at GBX 281.10 ($3.59).

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IAG. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a "buy" rating and upped their target price for the company from GBX 215 ($2.75) to GBX 400 ($5.11) in a research note on Wednesday. JPMorgan Chase & Co. restated a "buy" rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Up 2.1 %

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The firm has a 50-day moving average of GBX 223.96 and a 200 day moving average of GBX 192.32. The stock has a market capitalization of £14.11 billion, a price-to-earnings ratio of 680.95, a price-to-earnings-growth 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.