The Zacks Investment Research Downgrades International Consolidated Airlines Group SA (ICAGY) to Strong Sell

The Zacks Investment Research Downgrades International Consolidated Airlines Group SA (ICAGY) to Strong Sell

Zacks Investment Research downgraded shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) from a buy rating to a strong sell rating in a research note published on Wednesday morning.

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 commented on the company. Deutsche Bank AG reiterated a buy rating on shares of International Consolidated Airlines Group SA in a report on Saturday, October 8th. Goldman Sachs Group Inc. reissued a buy rating on shares of International Consolidated Airlines Group SA in a research report on Friday, October 7th. Beaufort Securities reissued a buy rating on shares of International Consolidated Airlines Group SA in a research report on Monday, August 1st. Credit Suisse Group AG cut International Consolidated Airlines Group SA from an outperform rating to a neutral rating in a research report on Thursday, July 21st. Finally, Cenkos Securities Ltd reissued a buy rating on shares of International Consolidated Airlines Group SA in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $28.00.

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) opened at 22.91 on Wednesday. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $30.81. The stock has a market capitalization of $8.88 billion, a PE ratio of 5.13 and a beta of 1.42. International Consolidated Airlines Group SA has a 52-week low of $22.30 and a 52-week high of $46.91.

About International Consolidated Airlines Group SA

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