International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded to “Overweight” at Barclays

International Consolidated Airlines Group (OTCMKTS:ICAGY) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday.

Separately, Zacks Research raised International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Down 2.7%

ICAGY stock opened at $9.71 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. The firm has a market cap of $22.16 billion, a PE ratio of 2.46, a P/E/G ratio of 0.45 and a beta of 1.58. International Consolidated Airlines Group has a 12 month low of $5.60 and a 12 month high of $12.36. The firm has a 50 day simple moving average of $11.37 and a 200 day simple moving average of $10.82.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, February 27th. The transportation company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.49. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.64 billion. International Consolidated Airlines Group had a return on equity of 167.88% and a net margin of 10.21%. Equities research analysts forecast that International Consolidated Airlines Group will post 1.07 earnings per share for the current fiscal year.

About International Consolidated Airlines Group

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.