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

Sanford C. Bernstein upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a market perform rating to an outperform rating in a report issued on Thursday morning, MarketBeat.com reports.

Separately, Barclays downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY opened at $9.21 on Thursday. The company has a 50-day simple moving average of $8.24 and a 200-day simple moving average of $7.85. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $21.59 billion, a PE ratio of 3.24, a P/E/G ratio of 0.89 and a beta of 2.12. International Consolidated Airlines Group has a 52-week low of $4.01 and a 52-week high of $9.25.

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