International Consolidated Airlines Group (LON:IAG) Stock Crosses Above 200-Day Moving Average of $151.71

International Consolidated Airlines Group S.A. (LON:IAG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 151.71 ($1.92) and traded as high as GBX 177.70 ($2.25). International Consolidated Airlines Group shares last traded at GBX 176.75 ($2.23), with a volume of 41,870,833 shares.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of recent analyst reports. Bank of America restated a “buy” rating and issued a GBX 230 ($2.91) target price on shares of International Consolidated Airlines Group in a report on Friday, March 1st. Royal Bank of Canada lifted their price target on shares of International Consolidated Airlines Group from GBX 200 ($2.53) to GBX 220 ($2.78) and gave the company an “outperform” rating in a research report on Thursday, March 21st.

International Consolidated Airlines Group Stock Up 3.1 %

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 490.60. The company has a market capitalization of £8.70 billion, a PE ratio of 411.05, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The business’s 50 day simple moving average is GBX 151.39 and its 200 day simple moving average is GBX 151.71.

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.