International Consolidated Airlines Group (LON:IAG) Share Price Crosses Above Two Hundred Day Moving Average of $155.35

International Consolidated Airlines Group S.A. (LON:IAG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 155.35 ($1.95) and traded as high as GBX 179.10 ($2.25). International Consolidated Airlines Group shares last traded at GBX 175.10 ($2.20), with a volume of 8,670,169 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IAG. Royal Bank of Canada boosted their price objective on International Consolidated Airlines Group from GBX 200 ($2.51) to GBX 220 ($2.76) and gave the company an “outperform” rating in a research report on Thursday, March 21st. Bank of America restated a “buy” rating and set a GBX 230 ($2.89) price objective on shares of International Consolidated Airlines Group in a research report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on International Consolidated Airlines Group from GBX 200 ($2.51) to GBX 215 ($2.70) and gave the company a “hold” rating in a research report on Tuesday, April 23rd.

International Consolidated Airlines Group Stock Down 1.2 %

The business has a 50-day simple moving average of GBX 163.37 and a two-hundred day simple moving average of GBX 155.35. The stock has a market capitalization of £8.61 billion, a P/E ratio of 407.21, a PEG ratio of 0.21 and a beta of 2.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 490.60.

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.