International Consolidated Airlines Group (OTCMKTS:ICAGY) Price Target Raised to €220.00

International Consolidated Airlines Group (OTCMKTS:ICAGYGet Rating) had its price target lifted by JPMorgan Chase & Co. from €2.25 ($2.42) to €220.00 ($236.56) in a research report report published on Thursday morning, The Fly reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other brokerages have also commented on ICAGY. Zacks Investment Research lowered International Consolidated Airlines Group from a hold rating to a strong sell rating in a report on Tuesday, March 8th. Barclays dropped their target price on shares of International Consolidated Airlines Group from GBX 210 ($2.68) to GBX 205 ($2.61) in a report on Friday, April 22nd. HSBC cut International Consolidated Airlines Group from a buy rating to a hold rating in a research report on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft downgraded International Consolidated Airlines Group from a buy rating to a hold rating in a research report on Thursday, March 24th. Finally, Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a market perform rating to an outperform rating in a report on Tuesday, March 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Consolidated Airlines Group currently has an average rating of Hold and an average price target of $168.66.

Shares of OTCMKTS ICAGY opened at $3.61 on Thursday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -1.02 and a beta of 2.05. The business has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $4.00. International Consolidated Airlines Group has a 52 week low of $2.89 and a 52 week high of $5.99. The company has a debt-to-equity ratio of 20.19, a quick ratio of 0.77 and a current ratio of 0.79.

International Consolidated Airlines Group (OTCMKTS:ICAGYGet Rating) last posted its earnings results on Friday, February 25th. The transportation company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.12). International Consolidated Airlines Group had a negative net margin of 35.35% and a negative return on equity of 517.92%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, analysts predict that International Consolidated Airlines Group will post -0.1 EPS for the current year.

International Consolidated Airlines Group Company Profile (Get Rating)

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.

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Analyst Recommendations for International Consolidated Airlines Group (OTCMKTS:ICAGY)

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