International Consolidated Airlines Group (LON:IAG) Stock Crosses Above 200-Day Moving Average - Here's What Happened

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 227.01 ($2.83) and traded as high as GBX 332.60 ($4.14). International Consolidated Airlines Group shares last traded at GBX 330.70 ($4.12), with a volume of 19,756,455 shares changing hands.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a "buy" rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a "buy" rating and increased their price target for the stock from GBX 215 ($2.68) to GBX 400 ($4.98) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Stock Up 1.2 %

The company has a market capitalization of £16.41 billion, a P/E ratio of 797.14, a PEG ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 337.70, a current ratio of 0.70 and a quick ratio of 0.63. The company has a 50 day moving average of GBX 294.82 and a 200-day moving average of GBX 227.73.

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.