International Consolidated Airlines Group (OTCMKTS:ICAGY) Price Target Lowered to GBX 230 at Barclays

International Consolidated Airlines Group (OTCMKTS:ICAGY) had its target price cut by analysts at Barclays from GBX 245 ($3.03) to GBX 230 ($2.85) in a research note issued on Tuesday, FlyOnTheWall reports.

ICAGY has been the subject of several other research reports. Royal Bank of Canada raised their price objective on International Consolidated Airlines Group from GBX 180 ($2.23) to GBX 210 ($2.60) in a research report on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on International Consolidated Airlines Group from GBX 165 ($2.04) to GBX 200 ($2.48) in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $148.95.

International Consolidated Airlines Group Stock Performance

Shares of International Consolidated Airlines Group stock traded down $0.06 on Tuesday, hitting $3.71. The stock had a trading volume of 54,959 shares, compared to its average volume of 51,797. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 7.84. International Consolidated Airlines Group has a one year low of $2.06 and a one year high of $4.38. The stock’s 50-day simple moving average is $4.03 and its two-hundred day simple moving average is $3.85.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, July 28th. The transportation company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.89. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.09 billion. International Consolidated Airlines Group had a return on equity of 309.85% and a net margin of 7.63%. As a group, equities analysts predict that International Consolidated Airlines Group will post 0.9 earnings per share for the current fiscal 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, Ireland, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, call centre, ground handling, trustee, storage and custody, and airport infrastructure development services.