International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Rating Lowered 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 lowered 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,Zacks.com reports.

Several other brokerages also recently commented on ICAGY. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. UBS Group cut shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 6th. Finally, Barclays raised shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, International Consolidated Airlines Group has an average rating of "Hold".

International Consolidated Airlines Group Stock Up 0.9%

Shares of ICAGY traded up $0.09 during trading hours on Monday, hitting $10.51. The stock had a trading volume of 69,430 shares, compared to its average volume of 50,222. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $10.09 and a 200-day simple moving average of $8.61. The firm has a market capitalization of $24.39 billion, a P/E ratio of 3.36, a price-to-earnings-growth ratio of 0.87 and a beta of 2.19. International Consolidated Airlines Group has a 1-year low of $4.84 and a 1-year high of $10.67.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its earnings results on Friday, August 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $0.50 by $0.79. The company had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $8.77 billion. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%. Sell-side analysts predict that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal 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.