International Consolidated Airlines Group (LON:IAG) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

International Consolidated Airlines Group (LON:IAG) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a GBX 400 ($5.07) target price on the stock, up from their previous target price of GBX 215 ($2.73). Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 37.08% from the stock’s current price.

Separately, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

LON IAG opened at GBX 291.80 ($3.70) on Wednesday. The company has a market capitalization of £14.30 billion, a price-to-earnings ratio of 693.76, a PEG ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a twelve month low of GBX 141.35 ($1.79) and a twelve month high of GBX 295.60 ($3.75). The stock has a fifty day simple moving average of GBX 227.10 and a 200 day simple moving average of GBX 193.72. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.

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.