International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded to “Hold” at Hsbc Global Res

Hsbc Global Res upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) to a hold rating in a research note released on Friday morning, Zacks.com reports.

ICAGY has been the subject of several other reports. Royal Bank of Canada raised shares of International Consolidated Airlines Group from a sector perform rating to an outperform rating in a research note on Thursday, March 21st. HSBC cut shares of International Consolidated Airlines Group from a buy rating to a hold rating in a research note on Friday. Finally, Morgan Stanley raised shares of International Consolidated Airlines Group from an underweight rating to an overweight rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $213.33.

International Consolidated Airlines Group Stock Up 0.2 %

ICAGY opened at $4.47 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 4.22. International Consolidated Airlines Group has a 1-year low of $3.28 and a 1-year high of $4.63. The company has a market capitalization of $4.40 billion, a PE ratio of 1.49, a PEG ratio of 0.97 and a beta of 2.19. The firm’s 50 day simple moving average is $4.34 and its two-hundred day simple moving average is $4.07.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings data on Friday, May 10th. The transportation company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.95 billion. International Consolidated Airlines Group had a return on equity of 197.29% and a net margin of 9.14%. As a group, equities analysts forecast that International Consolidated Airlines Group will post 0.95 EPS 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.