International Consolidated Airlines Group (OTCMKTS:ICAGY) Shares Cross Below 50-Day Moving Average - Should You Sell?

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.34 and traded as low as $6.65. International Consolidated Airlines Group shares last traded at $6.74, with a volume of 306,743 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein cut shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group cut International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays downgraded International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

International Consolidated Airlines Group Stock Performance

The firm's 50 day moving average is $7.34 and its 200 day moving average is $7.06. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market cap of $16.12 billion, a P/E ratio of 2.14, a price-to-earnings-growth ratio of 0.69 and a beta of 1.92.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The business had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $7.62 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. Analysts anticipate that International Consolidated Airlines Group S.A. will post 1.07 EPS for the current 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.

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