International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research has upgraded International Consolidated Airlines Group's stock from a "hold" to a "strong-buy" rating, indicating strong confidence in the company's future performance.
• The company reported earnings per share (EPS) of $1.29 for the last quarter, significantly surpassing analysts' estimates, contributing to a positive perception among investors.
• The current stock rating consensus for International Consolidated Airlines Group is a "Moderate Buy," with varying ratings from analysts reflecting a diverse outlook on its performance.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

ICAGY has been the subject of a number of other research reports. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. UBS Group cut International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. Finally, Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

International Consolidated Airlines Group Stock Up 0.1%

Shares of OTCMKTS:ICAGY opened at $10.42 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. International Consolidated Airlines Group has a 1 year low of $5.01 and a 1 year high of $10.71. The stock has a market capitalization of $24.08 billion, a P/E ratio of 3.33, a PEG ratio of 0.81 and a beta of 2.10. The stock has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $8.97.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last issued its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $8.77 billion. Equities analysts forecast 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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