International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on ICAGY. Morgan Stanley started coverage on shares of International Consolidated Airlines Group in a research note on Wednesday, October 15th. They issued an “overweight” rating on the stock. The Goldman Sachs Group upgraded shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Consolidated Airlines Group currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Down 0.3%

OTCMKTS:ICAGY opened at $10.87 on Tuesday. International Consolidated Airlines Group has a 1 year low of $5.60 and a 1 year high of $11.77. The stock has a market cap of $24.84 billion, a P/E ratio of 3.29, a P/E/G ratio of 0.59 and a beta of 1.65. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. The stock has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $10.44.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, November 7th. The transportation company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $1.09. International Consolidated Airlines Group had a return on equity of 112.24% and a net margin of 9.52%.The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.95 billion. As a group, analysts anticipate that International Consolidated Airlines Group will post 1.07 earnings per share for the current fiscal year.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.