International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded to “Hold” at Zacks Investment Research


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Zacks Investment Research upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a strong sell rating to a hold rating in a report published on Monday, Zacks.com reports.

According to Zacks, “International Consolidated Airlines Group, S.A. acts as the holding company for British Airways and Iberia providing scheduled passenger and cargo Airline services with its principal place of business being London. The company Airways maintains strategic alliance with several worldwide airlines and, together with its codeshare and franchise partners, flies to more than 300 destinations worldwide. International Consolidated Airlines Group, S.A. is based in Harmondsworth, United Kingdom. “

Several other analysts have also commented on ICAGY. Goodbody raised International Consolidated Airlines Group from a hold rating to a buy rating in a report on Wednesday, October 21st. Berenberg Bank reissued a buy rating on shares of International Consolidated Airlines Group in a report on Monday, September 14th. Redburn Partners lowered International Consolidated Airlines Group from a buy rating to a neutral rating in a report on Friday, November 27th. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of International Consolidated Airlines Group in a report on Friday, December 4th. Finally, Barclays reaffirmed an overweight rating on shares of International Consolidated Airlines Group in a research note on Monday, October 19th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $6.25.

Shares of ICAGY stock opened at $4.25 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 17.40. International Consolidated Airlines Group has a twelve month low of $2.39 and a twelve month high of $17.51. The stock has a 50 day moving average of $4.37 and a 200 day moving average of $4.47. The stock has a market cap of $4.22 billion, a P/E ratio of -0.26 and a beta of 2.36.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings data on Friday, October 30th. The transportation company reported ($3.56) EPS for the quarter, missing the consensus estimate of ($2.48) by ($1.08). International Consolidated Airlines Group had a negative net margin of 45.00% and a negative return on equity of 103.79%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.18 billion. On average, research analysts predict that International Consolidated Airlines Group will post -3.7 earnings per share for the current fiscal year.

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, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.

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Analyst Recommendations for International Consolidated Airlines Group (OTCMKTS:ICAGY)

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