International Consolidated Airlines Group (LON:IAG) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 239.19 ($3.01) and traded as high as GBX 351 ($4.42). International Consolidated Airlines Group shares last traded at GBX 349.10 ($4.39), with a volume of 37,762,520 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IAG shares. JPMorgan Chase & Co. reissued 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 boosted their target price for the company from GBX 215 ($2.70) to GBX 400 ($5.03) in a research note on Wednesday, December 11th.

International Consolidated Airlines Group Stock Down 2.6 %

The firm's 50 day moving average is GBX 316.90 and its two-hundred day moving average is GBX 242.45. The stock has a market cap of £20.00 billion, a price-to-earnings ratio of 7.15, a P/E/G 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 338.12.

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.