International Consolidated Airlines Group (OTCMKTS:ICAGY) Now Covered by Morgan Stanley

Key Points

• Morgan Stanley has initiated coverage on International Consolidated Airlines Group (ICAGY) with an "overweight" rating, indicating a positive outlook for the stock.
• Recent rating changes from analysts include UBS downgrading the stock to "sell" and Zacks upgrading it to "strong-buy," contributing to an average rating of "Moderate Buy."
• The company reported a EPS of $1.29 in its latest earnings, exceeding expectations, along with a revenue of $10.06 billion for the quarter.

Stock analysts at Morgan Stanley started coverage on shares of International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) in a research note issued on Wednesday. The firm set an "overweight" rating on the transportation company's stock.

A number of other research analysts have also recently weighed in on the company. UBS Group cut International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. Zacks Research raised shares of International Consolidated Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Barclays upgraded shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Finally, Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Trading Up 0.2%

Shares of International Consolidated Airlines Group stock opened at $10.86 on Wednesday. The company's fifty day simple moving average is $10.38 and its 200-day simple moving average is $9.09. The stock has a market capitalization of $25.10 billion, a PE ratio of 3.47, a P/E/G ratio of 0.65 and a beta of 2.10. International Consolidated Airlines Group has a 1-year low of $5.31 and a 1-year high of $11.01. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last announced its earnings results on Friday, August 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.79. The company had revenue of $10.06 billion for the quarter, compared to analysts' expectations of $8.77 billion. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%. As a group, equities analysts anticipate that International Consolidated Airlines Group will post 1.07 earnings per share for the current year.

About International Consolidated Airlines Group

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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