INTL CONS AIRL/S (OTCMKTS:ICAGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The firm currently has a $16.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.68% from the stock’s current price.
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. “
A number of other research analysts also recently issued reports on ICAGY. Citigroup downgraded shares of INTL CONS AIRL/S from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada raised shares of INTL CONS AIRL/S from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, March 13th. Morgan Stanley downgraded shares of INTL CONS AIRL/S from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. Finally, ValuEngine downgraded shares of INTL CONS AIRL/S from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.
INTL CONS AIRL/S (OTCMKTS:ICAGY) last issued its quarterly earnings data on Thursday, February 28th. The transportation company reported $1.73 earnings per share (EPS) for the quarter. The business had revenue of $6.92 billion for the quarter. INTL CONS AIRL/S had a net margin of 11.88% and a return on equity of 90.06%. As a group, equities research analysts predict that INTL CONS AIRL/S will post 2.8 earnings per share 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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