Zacks Investment Research Downgrades International Consoltd Airlns Grp (ICAGY) to Hold

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

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. “

Separately, Morgan Stanley lowered shares of International Consoltd Airlns Grp from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.00.

International Consoltd Airlns Grp (OTCMKTS ICAGY) opened at $17.26 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.39. The stock has a market cap of $7,041.13, a PE ratio of 3.25, a price-to-earnings-growth ratio of 1.40 and a beta of 1.07. International Consoltd Airlns Grp has a twelve month low of $10.76 and a twelve month high of $17.81.

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International Consoltd Airlns Grp 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.

Analyst Recommendations for International Consoltd Airlns Grp (OTCMKTS:ICAGY)

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