INTL CONS AIRL/S (ICAGY) Upgraded to “Buy” at Zacks Investment Research
INTL CONS AIRL/S (OTCMKTS:ICAGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $15.00 price objective on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.51% from the stock’s previous close.
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. “
A number of other research analysts also recently issued reports on ICAGY. Citigroup downgraded INTL CONS AIRL/S from a “buy” rating to a “neutral” rating in a report on Wednesday, January 2nd. Morgan Stanley cut INTL CONS AIRL/S from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine cut INTL CONS AIRL/S from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada upgraded INTL CONS AIRL/S from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.
INTL CONS AIRL/S (OTCMKTS:ICAGY) last announced its quarterly earnings results on Thursday, February 28th. The transportation company reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $6.92 billion for the quarter. INTL CONS AIRL/S had a return on equity of 90.06% and a net margin of 11.88%. On average, analysts predict that INTL CONS AIRL/S will post 2.8 EPS for the current year.
About INTL CONS AIRL/S
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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