International Consolidated Airlines Group (OTCMKTS:ICAGY) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating on the transportation company’s stock.

ICAGY has been the subject of several other research reports. Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Barclays raised International Consolidated Airlines Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, August 4th. Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, UBS Group cut International Consolidated Airlines Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Consolidated Airlines Group has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

International Consolidated Airlines Group stock opened at $10.84 on Wednesday. The firm has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $9.10. International Consolidated Airlines Group has a 1-year low of $5.31 and a 1-year high of $11.01. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.65. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 3.46, a price-to-earnings-growth ratio of 0.65 and a beta of 2.10.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.79. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 110.40%. The business had revenue of $10.06 billion during the quarter, compared to analysts’ expectations of $8.77 billion. On average, analysts expect that International Consolidated Airlines Group will post 1.07 EPS for the current 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.