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

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 3.36 ($0.04) and last traded at GBX 340.30 ($4.30), with a volume of 270405063 shares traded. The stock had previously closed at GBX 336.10 ($4.25).

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IAG. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and upped their price objective for the stock from GBX 215 ($2.72) to GBX 400 ($5.05) 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 report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

The business's 50-day simple moving average is GBX 320.65 and its two-hundred day simple moving average is GBX 246.58. The firm has a market cap of £19.26 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

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.