Back to top

Can International Consolidated Airlines Group (ICAGY) Continue to Surge?
December 20, 2013

Read MoreHide Full Article
One company that should be on your radar is International Consolidated Airlines Group, S.A. (ICAGY - Free Report) . The stock of the passenger and cargo transportation service provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ICAGY’s full year estimate, we have seen one estimate go higher in the past 30 days, with no downward revision in the same time period. This trend has helped the consensus estimate to trend higher, going from 87 cents a share a month ago to its current level at 99 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, ICAGY has seen some pretty solid trading lately, as the company has moved higher by 11.9% in the past month.

If International Consolidated Airlines Group can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put ICAGY on your watch list for the future.

Other top-ranked stocks worth considering in this space include Air China Limited (AIRYY - Free Report) , China Eastern Airlines Corp. Ltd. (CEA - Free Report) , and China Southern Airlines Co. Ltd. (ZNH - Free Report) , each carrying a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

More from Zacks Tale of the Tape

You May Like