International Consolidated Airlines Group (OTCMKTS:ICAGY) Downgraded to Sell Rating by UBS Group

Key Points

• UBS Group has downgraded International Consolidated Airlines Group (ICAGY) from a "neutral" rating to a "sell" rating, reflecting a pessimistic outlook on the company's stock performance.
• Despite the downgrade, other brokerages like Sanford C. Bernstein and Barclays have recently upgraded their ratings on ICAGY, indicating mixed sentiments in the market about the stock's potential.
• International Consolidated Airlines Group reported strong quarterly earnings, with EPS of $1.29, significantly beating analysts' estimates, and had a revenue of $10.06 billion for the quarter, surpassing expectations of $8.77 billion.

UBS Group cut shares of International Consolidated Airlines Group (OTCMKTS:ICAGY - Free Report) from a neutral rating to a sell rating in a research note released on Wednesday morning, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. Barclays raised shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold".

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS ICAGY traded up $0.02 during mid-day trading on Wednesday, hitting $10.00. The company had a trading volume of 64,287 shares, compared to its average volume of 68,991. The firm has a market cap of $23.34 billion, a P/E ratio of 3.19, a PEG ratio of 0.82 and a beta of 2.23. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.78 and a quick ratio of 0.75. The business's 50-day simple moving average is $9.47 and its 200-day simple moving average is $8.34. International Consolidated Airlines Group has a 12 month low of $4.17 and a 12 month high of $10.34.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.79. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 166.61%. The firm had revenue of $10.06 billion during the quarter, compared to analyst estimates of $8.77 billion. As a group, analysts predict that International Consolidated Airlines Group will post 1.07 earnings per share for the current fiscal 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.