International Consolidated Airlines Group (OTCMKTS:ICAGY) Hits New 1-Year High - Here's Why

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.47 and last traded at $8.43, with a volume of 117881 shares. The stock had previously closed at $8.30.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a "hold" rating to a "buy" rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, International Consolidated Airlines Group presently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Performance

The stock's 50 day moving average is $7.69 and its two-hundred day moving average is $6.01. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of 2.89, a price-to-earnings-growth ratio of 0.69 and a beta of 2.17. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The transportation company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $1.05. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.21 billion. Analysts expect that International Consolidated Airlines Group S.A. will post 1.07 earnings per share for the current fiscal year.

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.