International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Rating Lowered by Barclays

International Consolidated Airlines Group (OTCMKTS:ICAGY) was downgraded by analysts at Barclays from a “strong-buy” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Sanford C. Bernstein lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Consolidated Airlines Group has an average rating of “Hold”.

International Consolidated Airlines Group Stock Down 0.8 %

ICAGY stock opened at $7.08 on Wednesday. The stock has a market cap of $17.02 billion, a PE ratio of 2.25, a price-to-earnings-growth ratio of 0.69 and a beta of 2.16. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71. The firm’s 50-day simple moving average is $8.14 and its 200 day simple moving average is $6.71. International Consolidated Airlines Group has a fifty-two week low of $3.72 and a fifty-two week high of $9.11.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last released its earnings results on Friday, February 28th. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $8.58 billion for the quarter, compared to analysts’ expectations of $7.62 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. As a group, sell-side analysts predict that International Consolidated Airlines Group will post 1.07 EPS for the current 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, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.