International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Short Interest Down 83.3% in March

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a decline of 83.3% from the February 28th total of 3,000 shares. Based on an average daily trading volume, of 429,900 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are sold short.

International Consolidated Airlines Group Stock Down 3.9 %

OTCMKTS:ICAGY traded down $0.29 on Friday, hitting $7.17. 92,421 shares of the company's stock were exchanged, compared to its average volume of 149,128. The company has a market cap of $17.23 billion, a P/E ratio of 2.28, a price-to-earnings-growth ratio of 0.69 and a beta of 2.16. The firm has a 50-day moving average price of $8.11 and a 200-day moving average price of $6.93. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. International Consolidated Airlines Group has a 52 week low of $3.86 and a 52 week high of $9.11.

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 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $8.58 billion during the quarter, compared to analysts' expectations of $7.62 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. As a group, analysts expect that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ICAGY shares. Sanford C. Bernstein cut International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Barclays downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, March 12th. The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a "hold" rating to a "buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

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.