International Consolidated Airlines Group (LON:IAG) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

International Consolidated Airlines Group S.A. (LON:IAG) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 210.11 ($2.59) and traded as high as GBX 304.50 ($3.75). International Consolidated Airlines Group shares last traded at GBX 304.50 ($3.75), with a volume of 17,626,465 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IAG. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and boosted their price target for the company from GBX 215 ($2.65) to GBX 400 ($4.92) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

The business has a 50 day moving average price of GBX 266 and a 200 day moving average price of GBX 211.78. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70. The stock has a market cap of £15.08 billion, a P/E ratio of 732.88, a PEG ratio of 0.21 and a beta of 2.31.

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.