International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded to “Outperform” at Sanford C. Bernstein

International Consolidated Airlines Group (OTCMKTS:ICAGY) was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports.

Separately, Barclays lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group currently has an average rating of “Hold”.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY stock opened at $8.98 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $7.84. International Consolidated Airlines Group has a 12 month low of $4.01 and a 12 month high of $9.22. The firm has a market capitalization of $21.05 billion, a PE ratio of 3.16, a price-to-earnings-growth ratio of 0.88 and a beta of 2.12.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings data on Friday, May 9th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $6.85 billion. International Consolidated Airlines Group had a net margin of 8.98% and a return on equity of 115.72%. Analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

About International Consolidated Airlines Group

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.