International Consolidated Airlines Group (OTCMKTS:ICAGY) Cut to “Strong Sell” at Barclays

Barclays lowered shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a strong-buy rating to a strong sell rating in a research report sent to investors on Wednesday,Zacks.com reports.

ICAGY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, International Consolidated Airlines Group presently has an average rating of “Hold”.

International Consolidated Airlines Group Stock Up 3.1 %

Shares of OTCMKTS:ICAGY opened at $7.30 on Wednesday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The company has a market cap of $17.54 billion, a PE ratio of 2.32, a price-to-earnings-growth ratio of 0.69 and a beta of 2.16. International Consolidated Airlines Group has a 52 week low of $3.86 and a 52 week high of $9.11. The firm has a 50 day simple moving average of $8.14 and a 200 day simple moving average of $6.73.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings results on Friday, February 28th. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The business had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $7.62 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. As a group, research analysts expect that International Consolidated Airlines Group will post 1.07 earnings per share for the current 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.