International Consolidated Airlines Group (OTCMKTS:ICAGY) Issues Earnings Results

International Consolidated Airlines Group (OTCMKTS:ICAGY) posted its quarterly earnings results on Friday. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.67, reports. International Consolidated Airlines Group had a net margin of 9.14% and a return on equity of 197.29%. The business had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $9.03 billion.

International Consolidated Airlines Group Stock Performance

OTCMKTS:ICAGY traded down $0.09 on Monday, hitting $4.15. The stock had a trading volume of 98,344 shares, compared to its average volume of 67,957. International Consolidated Airlines Group has a 52-week low of $3.28 and a 52-week high of $4.63. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 1.41, a price-to-earnings-growth ratio of 0.89 and a beta of 2.19. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 4.22. The business’s 50-day simple moving average is $4.28 and its two-hundred day simple moving average is $4.12.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ICAGY shares. Morgan Stanley upgraded shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research report on Wednesday, July 10th. HSBC lowered shares of International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Hsbc Global Res raised International Consolidated Airlines Group to a “hold” rating in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, International Consolidated Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

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.