International Consolidated Airlines Group (OTCMKTS:ICAGY) Lowered to Hold Rating by Zacks Research

Key Points

• International Consolidated Airlines Group (ICAGY) has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating, indicating a shift in investor sentiment.
• Despite the downgrade, the company reported strong earnings with $1.29 EPS for the quarter, exceeding consensus estimates and achieving a net margin of 9.52% on revenues of $10.06 billion.
• Research analysts have varied opinions on the stock, which currently holds a consensus rating of "Hold," with two buy ratings, three holds, and one sell rating.

Zacks Research downgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY - Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday, September 1st,Zacks.com reports.

Other research analysts also recently issued reports about the company. Sanford C. Bernstein raised International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. UBS Group lowered shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. Finally, 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. Two analysts have rated the stock with a Buy rating, three 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 "Hold".

International Consolidated Airlines Group Stock Performance

Shares of International Consolidated Airlines Group stock traded up $0.09 during trading on Monday, reaching $10.60. The company's stock had a trading volume of 36,336 shares, compared to its average volume of 116,278. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. The business's fifty day moving average price is $10.09 and its 200-day moving average price is $8.61. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 3.39, a price-to-earnings-growth ratio of 0.87 and a beta of 2.19. International Consolidated Airlines Group has a one year low of $4.88 and a one year high of $10.67.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its 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. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.The business had revenue of $10.06 billion for the quarter, compared to the consensus estimate of $8.77 billion. As a group, equities research analysts predict 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.