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

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. “

Other equities research analysts have also issued reports about the company. Goodbody reiterated a buy rating on shares of International Consolidated Airlines Group SA in a report on Saturday, June 25th. Shore Capital restated a buy rating on shares of International Consolidated Airlines Group SA in a report on Saturday, June 25th. Deutsche Bank AG reaffirmed a buy rating on shares of International Consolidated Airlines Group SA in a research report on Tuesday, July 19th. Cenkos Securities Ltd reaffirmed a buy rating on shares of International Consolidated Airlines Group SA in a research report on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating on shares of International Consolidated Airlines Group SA in a research report on Friday, October 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $28.00.

Shares of International Consolidated Airlines Group SA (OTCMKTS:ICAGY) opened at 23.08 on Wednesday. The stock has a market cap of $8.94 billion, a P/E ratio of 5.16 and a beta of 1.42. International Consolidated Airlines Group SA has a 52-week low of $22.31 and a 52-week high of $46.91. The company has a 50-day moving average of $25.86 and a 200 day moving average of $31.23.

About International Consolidated Airlines Group SA

International Consolidated Airlines Group, SA (IAG) is a holding company. The Company is an airline company, which holds the interests of airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. IAG combines the airlines in the United Kingdom, Spain and Ireland.

Receive News & Stock Ratings for International Consolidated Airlines Group SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Consolidated Airlines Group SA and related stocks with our FREE daily email newsletter.