International Consolidated Airlines Group (LON:IAG) Stock Crosses Above 200-Day Moving Average of $153.67

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 153.67 ($1.91) and traded as high as GBX 159.45 ($1.98). International Consolidated Airlines Group shares last traded at GBX 157.80 ($1.96), with a volume of 13,114,681 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IAG. Royal Bank of Canada raised their price objective on International Consolidated Airlines Group from GBX 200 ($2.49) to GBX 220 ($2.74) and gave the company an “outperform” rating in a research report on Thursday, March 21st. Bank of America reaffirmed a “buy” rating and set a GBX 230 ($2.86) price objective on shares of International Consolidated Airlines Group in a research report on Friday, March 1st.

International Consolidated Airlines Group Trading Up 5.7 %

The firm has a 50 day simple moving average of GBX 158.08 and a 200 day simple moving average of GBX 153.72. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 490.60. The firm has a market capitalization of £8.35 billion, a PE ratio of 394.88, a P/E/G ratio of 0.21 and a beta of 2.33.

International Consolidated Airlines Group Company Profile

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.