International Consoltd Airlns Grp SA (NASDAQ:ICAGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “International Consolidated Airlines Group, S.A. acts as the holding company for British Airways and Iberia providing scheduled passenger and cargo Airline services with its principal place of business being London. The company Airways maintains strategic alliance with several worldwide airlines and, together with its codeshare and franchise partners, flies to more than 300 destinations worldwide. International Consolidated Airlines Group, S.A. is based in Harmondsworth, United Kingdom. “

Other analysts have also recently issued reports about the stock. Sanford C. Bernstein assumed coverage on shares of International Consoltd Airlns Grp SA in a research note on Tuesday, June 27th. They issued an “outperform” rating on the stock. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of International Consoltd Airlns Grp SA in a research note on Thursday, June 15th. ValuEngine upgraded shares of International Consoltd Airlns Grp SA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Finally, Kepler Capital Markets upgraded shares of International Consoltd Airlns Grp SA from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $13.00.

International Consoltd Airlns Grp SA (ICAGY) traded up 1.45% during mid-day trading on Friday, hitting $16.13. 18,161 shares of the company’s stock were exchanged. International Consoltd Airlns Grp SA has a 12 month low of $8.92 and a 12 month high of $16.53. The stock has a market cap of $17.03 billion and a PE ratio of 7.82. The stock’s 50 day moving average price is $15.65 and its 200-day moving average price is $14.25.

TRADEMARK VIOLATION WARNING: This story was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/08/04/international-consoltd-airlns-grp-sa-nasdaqicagy-rating-lowered-to-hold-at-zacks-investment-research.html.

International Consoltd Airlns Grp SA Company Profile

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

Analyst Recommendations for International Consoltd Airlns Grp SA (NASDAQ:ICAGY)

Receive News & Ratings for International Consoltd Airlns Grp SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Consoltd Airlns Grp SA and related companies with MarketBeat.com's FREE daily email newsletter.