International Consolidated Airlines Group (LON:IAG) Hits New 1-Year Low – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG) reached a new 52-week low on Wednesday . The company traded as low as GBX 2.92 ($0.04) and last traded at GBX 292.57 ($3.79), with a volume of 129369977 shares trading hands. The stock had previously closed at GBX 293.80 ($3.81).

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and raised their target price for the stock from GBX 215 ($2.79) to GBX 400 ($5.19) in a research report on Wednesday, December 11th. Jefferies Financial Group upped their price target on International Consolidated Airlines Group from GBX 350 ($4.54) to GBX 400 ($5.19) and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Barclays cut International Consolidated Airlines Group to an “underweight” rating and cut their price objective for the company from GBX 420 ($5.45) to GBX 250 ($3.24) in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, International Consolidated Airlines Group has a consensus rating of “Moderate Buy” and an average target price of GBX 320 ($4.15).

International Consolidated Airlines Group Stock Down 1.0 %

The firm has a fifty day moving average price of GBX 324.87 and a 200 day moving average price of GBX 266.54. The firm has a market capitalization of £17.01 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12.

International Consolidated Airlines Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be issued a dividend of €0.06 ($0.07) per share. This represents a dividend yield of 1.72%. The ex-dividend date is Thursday, June 26th. This is a boost from International Consolidated Airlines Group’s previous dividend of $0.03. International Consolidated Airlines Group’s dividend payout ratio is presently 10.56%.

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.