INTL CONS AIRL/S (OTCMKTS:ICAGY) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “International Consolidated Airlines Group, S.A. acts as the holding company for British Airways and Iberia providing scheduled passenger and cargo Airline services with its principal place of business being London. The company Airways maintains strategic alliance with several worldwide airlines and, together with its codeshare and franchise partners, flies to more than 300 destinations worldwide. International Consolidated Airlines Group, S.A. is based in Harmondsworth, United Kingdom. “
Several other equities analysts have also recently commented on the stock. ValuEngine upgraded shares of INTL CONS AIRL/S from a sell rating to a hold rating in a research report on Wednesday, October 2nd. HSBC upgraded shares of INTL CONS AIRL/S from a reduce rating to a hold rating in a research report on Monday, August 5th. Goldman Sachs Group assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, November 19th. They issued a buy rating for the company. Sanford C. Bernstein upgraded shares of INTL CONS AIRL/S from a market perform rating to an outperform rating in a research report on Wednesday, November 6th. Finally, Bank of America assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, October 1st. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $13.00.
INTL CONS AIRL/S (OTCMKTS:ICAGY) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $1.68. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $8.44 billion. INTL CONS AIRL/S had a net margin of 8.54% and a return on equity of 50.82%. Equities analysts expect that INTL CONS AIRL/S will post 2.4 EPS for the current year.
About INTL CONS AIRL/S
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, LEVEL, and Aer Lingus brands.
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