International Consolidated Airlines Group (LON:IAG) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAGGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 227.01 ($2.83) and traded as high as GBX 332.60 ($4.14). International Consolidated Airlines Group shares last traded at GBX 330.70 ($4.12), with a volume of 19,756,455 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IAG shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and upped their price target for the company from GBX 215 ($2.68) to GBX 400 ($4.98) in a report on Wednesday, December 11th.

Check Out Our Latest Report on International Consolidated Airlines Group

International Consolidated Airlines Group Price Performance

The firm has a market cap of £16.20 billion, a P/E ratio of 787.38, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The stock’s 50-day moving average is GBX 293.10 and its 200-day moving average is GBX 227.01. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.

International Consolidated Airlines Group Company Profile

(Get Free Report)

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.

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