International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a neutral rating to a buy rating in a research report report published on Wednesday, MarketBeat Ratings reports.

A number of other brokerages have also weighed in on ICAGY. UBS Group lowered International Consolidated Airlines Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, August 6th. Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Morgan Stanley began coverage on International Consolidated Airlines Group in a research note on Wednesday, October 15th. They set an “overweight” rating on the stock. Barclays upgraded International Consolidated Airlines Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. Finally, Sanford C. Bernstein upgraded International Consolidated Airlines Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

Shares of OTCMKTS ICAGY opened at $10.85 on Wednesday. The firm has a market cap of $25.00 billion, a P/E ratio of 3.47, a price-to-earnings-growth ratio of 0.64 and a beta of 2.10. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. International Consolidated Airlines Group has a 1-year low of $5.31 and a 1-year high of $11.01. The business’s 50 day moving average is $10.46 and its 200-day moving average is $9.31.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.79. The company had revenue of $10.06 billion for the quarter, compared to analyst estimates of $8.77 billion. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%. Equities research analysts predict that International Consolidated Airlines Group will post 1.07 earnings per share for the current year.

International Consolidated Airlines Group 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, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.