Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Declines By 98.2%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 98.2% from the February 13th total of 167,900 shares. Based on an average trading volume of 290,600 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

International Consolidated Airlines Group Price Performance

Shares of International Consolidated Airlines Group stock traded up $0.22 during trading on Friday, hitting $7.30. 86,058 shares of the stock traded hands, compared to its average volume of 157,870. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 2.32, a PEG ratio of 0.69 and a beta of 2.16. The firm's fifty day moving average is $8.14 and its 200-day moving average is $6.74. 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 announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.62 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. Research analysts expect that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

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Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays cut International Consolidated Airlines Group from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a "hold" rating to a "buy" rating in a report on Wednesday, December 11th. The Goldman Sachs Group cut International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Sanford C. Bernstein cut International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently 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.