International Consolidated Airlines Group (OTCMKTS:ICAGY) Raised to Buy at The Goldman Sachs Group

Key Points

• International Consolidated Airlines Group (ICAGY) was upgraded from a "neutral" to a "buy" rating by The Goldman Sachs Group in their latest research report.
• The company reported strong quarterly earnings, posting $1.29 earnings per share, significantly exceeding analyst expectations.
• Stock performance shows volatility, with a 1-year low of $5.31 and a high of $11.01, and a current market capitalization of $24.08 billion.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports.

Several other equities research analysts have also recently weighed in on ICAGY. UBS Group cut International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Zacks Research raised International Consolidated Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Finally, Morgan Stanley initiated coverage on International Consolidated Airlines Group in a research report on Wednesday, October 15th. They issued an "overweight" rating for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Down 1.2%

ICAGY opened at $10.45 on Wednesday. International Consolidated Airlines Group has a 1-year low of $5.31 and a 1-year high of $11.01. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $24.08 billion, a price-to-earnings ratio of 3.34, a P/E/G ratio of 0.63 and a beta of 2.10. The business has a 50 day moving average of $10.44 and a 200-day moving average of $9.23.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.79. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.The company had revenue of $10.06 billion during the quarter, compared to analysts' expectations of $8.77 billion. As a group, sell-side 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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