Intl Cons Airl/S (ICAGY) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of Intl Cons Airl/S (OTCMKTS:ICAGY) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
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. “
A number of other research firms have also recently issued reports on ICAGY. UBS Group cut shares of Intl Cons Airl/S from a buy rating to a neutral rating in a research note on Wednesday, September 26th. Citigroup cut shares of Intl Cons Airl/S from a buy rating to a hold rating in a research note on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $20.00.
Intl Cons Airl/S (OTCMKTS:ICAGY) last posted its earnings results on Friday, August 3rd. The transportation company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $1.16. The company had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $7.52 billion. Intl Cons Airl/S had a net margin of 12.31% and a return on equity of 64.09%. As a group, equities research analysts expect that Intl Cons Airl/S will post 2.55 earnings per share for the current year.
Intl Cons Airl/S 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, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, LEVEL, IAG Cargo, Avios, and Aer Lingus brands.
Recommended Story: How does inflation affect different investments?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Intl Cons Airl/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intl Cons Airl/S and related companies with MarketBeat.com's FREE daily email newsletter.