Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Drops By 12.9%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 2,700 shares, a decrease of 12.9% from the September 30th total of 3,100 shares. Based on an average trading volume of 190,700 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. HSBC cut 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 report on Friday, July 12th. Finally, Morgan Stanley raised International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

ICAGY stock opened at $5.40 on Thursday. The stock has a market capitalization of $5.29 billion, a PE ratio of 1.79, a price-to-earnings-growth ratio of 0.82 and a beta of 2.20. The company has a fifty day moving average of $5.16 and a 200-day moving average of $4.60. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. International Consolidated Airlines Group has a one year low of $3.36 and a one year high of $5.62.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, August 2nd. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.67. The firm had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $9.03 billion. International Consolidated Airlines Group had a net margin of 8.63% and a return on equity of 126.83%. As a group, analysts expect that International Consolidated Airlines Group will post 1.01 EPS for the current year.

International Consolidated Airlines Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $0.0671 dividend. The ex-dividend date was Friday, September 6th. International Consolidated Airlines Group’s payout ratio is 1.66%.

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.