Deutsche Bank Aktiengesellschaft Upgrades International Consolidated Airlines Group (LON:IAG) to Buy

International Consolidated Airlines Group (LON:IAG) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report released on Wednesday,Digital Look reports. The firm currently has a GBX 400 ($5.11) price objective on the stock, up from their previous price objective of GBX 215 ($2.75). Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 39.86% from the company’s previous close.

Separately, JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Trading Up 1.4 %

Shares of IAG opened at GBX 286 ($3.65) on Wednesday. The company has a debt-to-equity ratio of 337.70, a current ratio of 0.70 and a quick ratio of 0.63. International Consolidated Airlines Group has a 1-year low of GBX 141.35 ($1.81) and a 1-year high of GBX 287.40 ($3.67). The stock has a market cap of £14.01 billion, a price-to-earnings ratio of 680.95, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The firm has a 50 day simple moving average of GBX 223.96 and a 200-day simple moving average of GBX 192.32.

International Consolidated Airlines Group 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, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.