Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Declines By 65.9%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 216,500 shares, a decrease of 65.9% from the December 31st total of 635,300 shares. Based on an average daily trading volume, of 206,200 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a "hold" rating to a "buy" rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Trading Down 0.1 %

Shares of OTCMKTS:ICAGY traded down $0.01 during trading on Friday, hitting $8.30. 160,656 shares of the company's stock were exchanged, compared to its average volume of 118,050. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71. The firm has a market cap of $20.14 billion, a P/E ratio of 2.64, a PEG ratio of 0.68 and a beta of 2.17. The firm has a 50-day moving average price of $7.50 and a two-hundred day moving average price of $5.90. International Consolidated Airlines Group has a 1-year low of $3.51 and a 1-year high of $8.44.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $1.05. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.21 billion. Equities analysts predict that International Consolidated Airlines Group will post 1.07 earnings per share 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.