International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above Two Hundred Day Moving Average of $175.31

International Consolidated Airlines Group S.A. (LON:IAG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 175.31 ($2.34) and traded as high as GBX 196 ($2.62). International Consolidated Airlines Group shares last traded at GBX 190.90 ($2.55), with a volume of 33,959,889 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a GBX 230 ($3.08) price objective on shares of International Consolidated Airlines Group in a report on Tuesday, June 18th. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Thursday, June 13th.

International Consolidated Airlines Group Stock Performance

The company has a market cap of £9.35 billion, a PE ratio of 454.52, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The firm’s 50-day simple moving average is GBX 182.56 and its two-hundred day simple moving average is GBX 175.31.

International Consolidated Airlines Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 9th. Stockholders of record on Thursday, September 5th were issued a €0.03 ($0.03) dividend. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, September 5th. International Consolidated Airlines Group’s dividend payout ratio (DPR) is currently 1,190.48%.

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.