Barclays Upgrades International Consolidated Airlines Group (OTCMKTS:ICAGY) to "Equal Weight"

Key Points

• Barclays has upgraded International Consolidated Airlines Group (ICAGY) from an "underweight" rating to an "equal weight" rating.
• Sanford C. Bernstein has also upgraded the stock from a "market perform" rating to an "outperform" rating.
• The company reported significant earnings of $1.29 per share for the last quarter, surpassing analysts' expectations by $0.79.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) was upgraded by investment analysts at Barclays from an "underweight" rating to an "equal weight" rating in a note issued to investors on Monday, Marketbeat.com reports.

Separately, Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS:ICAGY traded up $0.02 during trading on Monday, hitting $10.00. 64,287 shares of the stock were exchanged, compared to its average volume of 124,788. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 3.19, a price-to-earnings-growth ratio of 0.87 and a beta of 2.23. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.75 and a current ratio of 0.78. International Consolidated Airlines Group has a 1-year low of $4.17 and a 1-year high of $10.34. The company's fifty day simple moving average is $9.43 and its 200-day simple moving average is $8.31.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.79. The firm had revenue of $10.06 billion for the quarter, compared to the consensus estimate of $8.77 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 166.61%. Sell-side analysts expect that International Consolidated Airlines Group will post 1.07 EPS 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, 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.