International Consoltd Airlns Grp (ICAGY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of International Consoltd Airlns Grp (OTCMKTS:ICAGY) from a strong-buy rating to a hold rating in a report released on Wednesday.

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. “

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Other research analysts also recently issued research reports about the company. Bank of America raised International Consoltd Airlns Grp from an underperform rating to a buy rating in a research note on Tuesday, January 2nd. Citigroup initiated coverage on International Consoltd Airlns Grp in a research note on Wednesday, March 7th. They set a neutral rating for the company. Finally, Kepler Capital Markets downgraded International Consoltd Airlns Grp from a hold rating to a reduce rating in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $20.00.

ICAGY opened at $17.36 on Wednesday. International Consoltd Airlns Grp has a twelve month low of $12.85 and a twelve month high of $18.62. The stock has a market cap of $7,041.20, a P/E ratio of 7.48, a PEG ratio of 3.92 and a beta of 1.02.

International Consoltd Airlns Grp (OTCMKTS:ICAGY) last posted its quarterly earnings data on Friday, February 23rd. The transportation company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). International Consoltd Airlns Grp had a return on equity of 139.43% and a net margin of 8.96%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.88 billion. analysts expect that International Consoltd Airlns Grp will post 2.42 EPS for the current fiscal year.

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About International Consoltd Airlns Grp

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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