International Consolidated Airlines Group (OTCMKTS:ICAGY) Lowered 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 lowered shares of International Consolidated Airlines Group (OTCMKTS:ICAGY - Free Report) from a neutral rating to a sell rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports.

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

International Consolidated Airlines Group Stock Up 0.2%

Shares of International Consolidated Airlines Group stock traded up $0.02 during trading on Wednesday, hitting $10.00. The company's stock had a trading volume of 64,287 shares, compared to its average volume of 68,991. International Consolidated Airlines Group has a 52 week low of $4.17 and a 52 week high of $10.34. The company has a market capitalization of $23.34 billion, a PE ratio of 3.19, a P/E/G ratio of 0.82 and a beta of 2.23. The company has a fifty day simple moving average of $9.47 and a two-hundred day simple moving average of $8.34. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.75 and a current ratio of 0.78.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its earnings results on Friday, August 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.50 by $0.79. The business had revenue of $10.06 billion for the quarter, compared to the consensus estimate of $8.77 billion. International Consolidated Airlines Group had a return on equity of 166.61% and a net margin of 9.52%. 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.