International Consolidated Airlines Group (LON:IAG) Share Price Crosses Above 200-Day Moving Average of $167.43

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 167.43 ($2.21) and traded as high as GBX 183.25 ($2.42). International Consolidated Airlines Group shares last traded at GBX 182.50 ($2.41), with a volume of 41,763,102 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IAG shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Thursday, June 13th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 230 ($3.03) price target on shares of International Consolidated Airlines Group in a research note on Tuesday, June 18th.

International Consolidated Airlines Group Price Performance

The business has a fifty day moving average of GBX 169.66 and a 200-day moving average of GBX 167.43. The firm has a market cap of £8.97 billion, a PE ratio of 424.42, a PEG ratio of 0.21 and a beta of 2.30. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70.

International Consolidated Airlines Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 9th. Investors of record on Thursday, September 5th will be issued a dividend of €0.03 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.58%. International Consolidated Airlines Group’s dividend payout ratio (DPR) is 1,162.79%.

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.