International Consolidated Airlines Group (LON:IAG) Sets New 12-Month Low – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 3.89 ($0.05) and last traded at GBX 332.40 ($4.11), with a volume of 38898152 shares. The stock had previously closed at GBX 328.50 ($4.06).

Analyst Ratings Changes

Several research firms have recently commented on IAG. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and lifted their price target for the stock from GBX 215 ($2.66) to GBX 400 ($4.94) in a 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 company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70. The firm has a market capitalization of £16.16 billion, a PE ratio of 785.24, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The firm has a 50-day moving average price of GBX 286.15 and a 200 day moving average price of GBX 222.22.

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.