International Consoltd Airlns Grp SA (NASDAQ:ICAGY) Downgraded to Hold at Zacks Investment Research

International Consoltd Airlns Grp SA (NASDAQ:ICAGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, August 4th.

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. “

Several other analysts have also weighed in on ICAGY. Kepler Capital Markets upgraded shares of International Consoltd Airlns Grp SA from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of International Consoltd Airlns Grp SA in a research report on Thursday, June 15th. Sanford C. Bernstein initiated coverage on shares of International Consoltd Airlns Grp SA in a research report on Tuesday, June 27th. They issued an “outperform” rating on the stock. Finally, ValuEngine raised shares of International Consoltd Airlns Grp SA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.00.

International Consoltd Airlns Grp SA (NASDAQ ICAGY) traded up 2.02% during midday trading on Friday, hitting $16.14. The company had a trading volume of 21,238 shares. International Consoltd Airlns Grp SA has a 52-week low of $8.92 and a 52-week high of $16.53. The stock’s 50-day moving average price is $15.86 and its 200-day moving average price is $14.48. The stock has a market cap of $17.04 billion and a PE ratio of 7.71.

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International Consoltd Airlns Grp SA Company Profile

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

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