Zacks Investment Research upgraded shares of Intl Cons Airl/S (OTCMKTS:ICAGY) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
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 equities research analysts also recently commented on ICAGY. UBS Group downgraded shares of Intl Cons Airl/S from a buy rating to a neutral rating in a research note on Wednesday, September 26th. Citigroup downgraded shares of Intl Cons Airl/S from a buy rating to a hold rating in a research note on Monday, October 8th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $20.00.
Intl Cons Airl/S (OTCMKTS:ICAGY) last issued its earnings results on Friday, August 3rd. The transportation company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $1.16. Intl Cons Airl/S had a net margin of 12.31% and a return on equity of 64.09%. The company had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $7.52 billion. On average, sell-side analysts forecast that Intl Cons Airl/S will post 2.55 EPS for the current year.
About Intl Cons Airl/S
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. The company operates under the British Airways, Iberia, Vueling, LEVEL, IAG Cargo, Avios, and Aer Lingus brands.
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