Shares of International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY – Get Free Report) dropped 0.8% on Friday . The stock traded as low as $4.30 and last traded at $4.33. Approximately 26,037 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 82,588 shares. The stock had previously closed at $4.37.
Analyst Ratings Changes
Several research firms have issued reports on ICAGY. Royal Bank of Canada upgraded International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 21st. Morgan Stanley downgraded International Consolidated Airlines Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. upgraded International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $213.33.
View Our Latest Report on International Consolidated Airlines Group
International Consolidated Airlines Group Stock Down 0.8 %
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last announced its quarterly earnings results on Sunday, February 25th. The transportation company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.43. International Consolidated Airlines Group had a return on equity of 380.77% and a net margin of 9.05%. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.76 billion. On average, analysts anticipate that International Consolidated Airlines Group S.A. will post 0.93 EPS for the current fiscal year.
International Consolidated Airlines Group Company Profile
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.
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