International Consolidated Airlines Group (OTCMKTS:ICAGY) Coverage Initiated at Morgan Stanley

Investment analysts at Morgan Stanley initiated coverage on shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) in a report issued on Wednesday, Marketbeat.com reports. The brokerage set an “overweight” rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on ICAGY. Barclays upgraded shares of International Consolidated Airlines Group from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. Zacks Research upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Sanford C. Bernstein upgraded shares of International Consolidated Airlines Group from a “market perform” rating to an “outperform” rating in a report on Thursday, June 26th. Finally, UBS Group downgraded shares of International Consolidated Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Consolidated Airlines Group presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Trading Down 0.4%

ICAGY opened at $10.80 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. International Consolidated Airlines Group has a fifty-two week low of $5.31 and a fifty-two week high of $11.01. The firm has a market capitalization of $24.96 billion, a PE ratio of 3.45, a P/E/G ratio of 0.65 and a beta of 2.10. The company’s 50-day moving average is $10.42 and its 200 day moving average is $9.13.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.79. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 110.40%. The company had revenue of $10.06 billion for the quarter, compared to analyst estimates of $8.77 billion. As a group, 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.