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

Shares of International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 261.48 ($3.39) and traded as high as GBX 326.90 ($4.23). International Consolidated Airlines Group shares last traded at GBX 310.50 ($4.02), with a volume of 29,720,924 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IAG. Barclays cut International Consolidated Airlines Group to an "underweight" rating and reduced their price objective for the stock from GBX 420 ($5.44) to GBX 250 ($3.24) in a research note on Wednesday. JPMorgan Chase & Co. restated an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Jefferies Financial Group boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.53) to GBX 400 ($5.18) and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a "buy" rating and boosted their price target for the company from GBX 215 ($2.78) to GBX 400 ($5.18) in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, International Consolidated Airlines Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 320 ($4.15).

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International Consolidated Airlines Group Stock Performance

The business has a fifty day simple moving average of GBX 326.08 and a two-hundred day simple moving average of GBX 262.53. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of £16.73 billion, a PE ratio of 5.98, 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.