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

International Consolidated Airlines Group (OTCMKTS:ICAGY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

International Consolidated Airlines Group Trading Up 0.7%

Shares of ICAGY stock opened at $12.35 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market cap of $26.96 billion, a P/E ratio of 4.58, a PEG ratio of 1.08 and a beta of 1.83. The company has a 50 day moving average of $11.34 and a 200-day moving average of $11.23. International Consolidated Airlines Group has a 12-month low of $9.10 and a 12-month high of $13.07.

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

About International Consolidated Airlines Group

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.