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

International Consolidated Airlines Group (OTCMKTS:ICAGY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. The Goldman Sachs Group raised shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley initiated coverage on shares of International Consolidated Airlines Group in a report on Wednesday, October 15th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned 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 0.4%

OTCMKTS ICAGY traded down $0.05 on Tuesday, reaching $10.83. The stock had a trading volume of 3,245 shares, compared to its average volume of 30,261. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average price of $10.68 and a two-hundred day moving average price of $10.44. International Consolidated Airlines Group has a 12-month low of $5.60 and a 12-month high of $11.77. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 3.28, a P/E/G ratio of 0.59 and a beta of 1.65.

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

About International Consolidated Airlines Group

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.