International Consolidated Airlines Group (OTCMKTS:ICAGY) Announces Earnings Results

International Consolidated Airlines Group (OTCMKTS:ICAGY) posted its quarterly earnings data on Friday. The transportation company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.68 by $1.09, Zacks reports. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.

International Consolidated Airlines Group Price Performance

ICAGY traded down $1.14 during trading hours on Friday, hitting $9.70. The company’s stock had a trading volume of 183,084 shares, compared to its average volume of 103,242. The stock has a market cap of $22.34 billion, a price-to-earnings ratio of 3.10, a P/E/G ratio of 0.66 and a beta of 2.00. The business’s 50-day moving average price is $10.53 and its 200-day moving average price is $9.63. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. International Consolidated Airlines Group has a 12 month low of $5.60 and a 12 month high of $11.22.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley initiated coverage on shares of International Consolidated Airlines Group in a research report on Wednesday, October 15th. They issued an “overweight” rating for the company. Barclays raised shares of International Consolidated Airlines Group from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. UBS Group lowered International Consolidated Airlines Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.