INTL CONS AIRL/S (ICAGY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of INTL CONS AIRL/S (OTCMKTS:ICAGY) from a buy rating to a hold rating in a research report report published on Saturday, 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. “

ICAGY has been the subject of a number of other research reports. ValuEngine cut shares of INTL CONS AIRL/S from a hold rating to a sell rating in a research note on Tuesday, March 5th. Citigroup upgraded shares of INTL CONS AIRL/S from a sell rating to a neutral rating in a research note on Monday, March 11th. Morgan Stanley cut shares of INTL CONS AIRL/S from an equal weight rating to an underweight rating in a research note on Tuesday, January 22nd. Finally, Royal Bank of Canada upgraded shares of INTL CONS AIRL/S from a sector perform rating to an outperform rating in a research note on Wednesday, March 13th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. INTL CONS AIRL/S presently has an average rating of Hold and an average target price of $15.00.

ICAGY stock opened at $14.20 on Friday. INTL CONS AIRL/S has a twelve month low of $13.10 and a twelve month high of $20.50. The stock has a market cap of $5.79 billion, a P/E ratio of 2.04 and a beta of 0.83.

INTL CONS AIRL/S (OTCMKTS:ICAGY) last released its earnings results on Thursday, February 28th. The transportation company reported $1.73 earnings per share for the quarter. INTL CONS AIRL/S had a return on equity of 90.06% and a net margin of 11.88%. The business had revenue of $6.92 billion for the quarter. Analysts anticipate that INTL CONS AIRL/S will post 2.8 EPS for the current year.

INTL CONS AIRL/S Company Profile

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, LEVEL, and Aer Lingus brands.

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