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 equities research analysts at Barclays from an "underweight" rating to an "equal weight" rating in a research note issued on Monday,Briefing.com Automated Import reports.

Separately, Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th.

International Consolidated Airlines Group Price Performance

Shares of ICAGY opened at $9.91 on Monday. International Consolidated Airlines Group has a twelve month low of $4.06 and a twelve month high of $10.34. The stock's 50 day moving average is $9.36 and its two-hundred day moving average is $8.27. The firm has a market capitalization of $23.13 billion, a PE ratio of 3.17, a P/E/G ratio of 0.83 and a beta of 2.23. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 2.25.

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

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