International Consolidated Airlines Group (LON:IAG) Shares Pass Above 200-Day Moving Average – Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

International Consolidated Airlines Group Trading Up 2.5 %

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

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.