InterContinental Hotels Group (NYSE:IHG) Cut to “Sell” at Zacks Investment Research

Share on StockTwits

Zacks Investment Research lowered shares of InterContinental Hotels Group (NYSE:IHG) from a hold rating to a sell rating in a research report released on Saturday morning, Zacks.com reports.

According to Zacks, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. “

Other research analysts have also issued reports about the company. Barclays lowered InterContinental Hotels Group from an equal weight rating to an underweight rating in a report on Tuesday, June 18th. UBS Group lowered InterContinental Hotels Group from a neutral rating to a sell rating in a report on Tuesday, July 2nd. Finally, Royal Bank of Canada lowered InterContinental Hotels Group from a sector perform rating to an underperform rating in a report on Thursday, July 18th. Seven analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. InterContinental Hotels Group has an average rating of Hold.

Shares of NYSE IHG opened at $64.70 on Friday. The firm has a fifty day moving average price of $68.32. InterContinental Hotels Group has a one year low of $50.84 and a one year high of $71.02. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.54 and a beta of 1.07.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in InterContinental Hotels Group by 18.0% in the 2nd quarter. Signaturefd LLC now owns 2,231 shares of the company’s stock valued at $149,000 after buying an additional 341 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of InterContinental Hotels Group by 7.8% during the 2nd quarter. Advisory Services Network LLC now owns 5,095 shares of the company’s stock valued at $340,000 after acquiring an additional 367 shares during the period. Zions Bancorporation N.A. bought a new stake in shares of InterContinental Hotels Group during the 2nd quarter valued at $37,000. Bank of New York Mellon Corp lifted its position in shares of InterContinental Hotels Group by 4.5% during the 4th quarter. Bank of New York Mellon Corp now owns 14,262 shares of the company’s stock valued at $778,000 after acquiring an additional 620 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of InterContinental Hotels Group by 0.6% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 155,435 shares of the company’s stock valued at $10,396,000 after acquiring an additional 972 shares during the period. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.

Featured Story: What does earnings per share mean?

Get a free copy of the Zacks research report on InterContinental Hotels Group (IHG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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



Latest News

Zacks Investment Research Downgrades Wyndham Hotels & Resorts  to Hold
Zacks Investment Research Downgrades Wyndham Hotels & Resorts to Hold
Cowen Cuts Cisco Systems  Price Target to $61.00
Cowen Cuts Cisco Systems Price Target to $61.00
Zacks Investment Research Downgrades Vitamin Shoppe  to Hold
Zacks Investment Research Downgrades Vitamin Shoppe to Hold
Maverix Metals’  Buy Rating Reaffirmed at Pi Financial
Maverix Metals’ Buy Rating Reaffirmed at Pi Financial
QuinStreet  PT Lowered to $16.00 at Barrington Research
QuinStreet PT Lowered to $16.00 at Barrington Research
Hancock Jaffe Laboratories  Earns Buy Rating from Maxim Group
Hancock Jaffe Laboratories Earns Buy Rating from Maxim Group


© 2006-2019 Ticker Report