Zacks Investment Research lowered shares of International Consoltd Airlns Grp (OTCMKTS:ICAGY) from a strong-buy rating to a hold rating in a research note published on Wednesday morning.
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. “
Several other equities analysts have also commented on the company. Bank of America raised International Consoltd Airlns Grp from an underperform rating to a buy rating in a research report on Tuesday, January 2nd. Citigroup initiated coverage on International Consoltd Airlns Grp in a research report on Wednesday, March 7th. They set a neutral rating for the company. Finally, Kepler Capital Markets lowered International Consoltd Airlns Grp from a hold rating to a reduce rating in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $20.00.
International Consoltd Airlns Grp (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, February 23rd. The transportation company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.05). The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.88 billion. International Consoltd Airlns Grp had a net margin of 8.96% and a return on equity of 139.43%. equities research analysts forecast that International Consoltd Airlns Grp will post 2.42 EPS for the current fiscal year.
About International Consoltd Airlns Grp
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.
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