International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Rating Raised to “Hold” at Zacks Research

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

International Consolidated Airlines Group Stock Up 0.7%

International Consolidated Airlines Group stock opened at $12.35 on Monday. The stock has a market cap of $26.96 billion, a PE ratio of 4.58, a P/E/G ratio of 1.08 and a beta of 1.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.77 and a quick ratio of 0.73. The stock’s fifty day moving average is $11.34 and its two-hundred day moving average is $11.23. International Consolidated Airlines Group has a 1-year low of $9.10 and a 1-year high of $13.07.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its quarterly earnings data on Friday, November 6th. The transportation company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). International Consolidated Airlines Group had a return on equity of 55.53% and a net margin of 8.57%. The business had revenue of $10.86 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, sell-side analysts expect that International Consolidated Airlines Group will post 1.36 EPS for the current fiscal year.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group (IAG) is an airline holding company whose principal activities include passenger and cargo air transportation. Its airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL, which serve customers through scheduled flights and related travel services. Formed in 2011 through the merger of British Airways and Iberia, IAG is registered in Spain and has major operations in the United Kingdom, Spain and Ireland. Its airlines connect destinations across Europe and serve routes to regions including North America, Latin America, Africa and Asia.