International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Sees Significant Decline in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,100 shares, a decline of 56.3% from the September 15th total of 7,100 shares. Based on an average daily trading volume, of 210,400 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several brokerages recently commented on ICAGY. HSBC lowered International Consolidated Airlines Group from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. Hsbc Global Res raised International Consolidated Airlines Group to a "hold" rating in a research report on Friday, July 12th. Finally, Morgan Stanley raised International Consolidated Airlines Group from an "underweight" rating to an "overweight" rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of "Moderate Buy".

International Consolidated Airlines Group Stock Down 0.4 %

Shares of ICAGY traded down $0.02 during mid-day trading on Friday, reaching $5.14. The company had a trading volume of 91,515 shares, compared to its average volume of 70,836. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 1.78, a price-to-earnings-growth ratio of 0.82 and a beta of 2.20. International Consolidated Airlines Group has a 52 week low of $3.28 and a 52 week high of $5.62. 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 firm has a 50-day moving average price of $4.84 and a 200 day moving average price of $4.49.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The transportation company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.67. International Consolidated Airlines Group had a return on equity of 126.83% and a net margin of 8.63%. The firm had revenue of $8.93 billion for the quarter, compared to analysts' expectations of $9.03 billion. On average, sell-side analysts forecast that International Consolidated Airlines Group will post 1.01 EPS for the current year.

International Consolidated Airlines Group Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $0.0671 dividend. The ex-dividend date of this dividend was Friday, September 6th. International Consolidated Airlines Group's dividend payout ratio is currently 1.72%.

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.