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

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 2,700 shares, a decline 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.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY stock traded down $0.11 during trading hours on Tuesday, reaching $5.40. 16,679 shares of the company’s stock were exchanged, compared to its average volume of 69,961. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. The company’s 50 day moving average is $5.12 and its two-hundred day moving average is $4.58. The company has a market cap of $5.29 billion, a P/E ratio of 1.83, a price-to-earnings-growth ratio of 0.82 and a beta of 2.20. International Consolidated Airlines Group has a 1 year low of $3.36 and a 1 year high of $5.62.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its earnings results on Friday, August 2nd. The transportation company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $9.03 billion. Equities research analysts anticipate that International Consolidated Airlines Group will post 1.01 EPS for the current fiscal year.

International Consolidated Airlines Group Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Hsbc Global Res raised International Consolidated Airlines Group to a “hold” rating in a report on Friday, July 12th. Morgan Stanley raised International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a report on Wednesday, July 10th. Finally, HSBC downgraded International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, International Consolidated Airlines Group currently has a consensus rating of “Moderate Buy”.

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.