Zacks Investment Research downgraded shares of International Consoltd Airlns Grp (OTCMKTS:ICAGY) from a buy rating to a hold rating in a research note issued to investors on Friday 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. “

Separately, Morgan Stanley downgraded shares of International Consoltd Airlns Grp from an overweight rating to an equal weight rating in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $20.00.

Shares of International Consoltd Airlns Grp (OTCMKTS:ICAGY) traded down $0.11 during trading hours on Friday, reaching $17.26. 10,518 shares of the company’s stock traded hands, compared to its average volume of 14,809. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 0.95. International Consoltd Airlns Grp has a 52 week low of $10.76 and a 52 week high of $17.81. The firm has a market cap of $17,790.00, a P/E ratio of 3.25, a P/E/G ratio of 1.41 and a beta of 1.12.

TRADEMARK VIOLATION NOTICE: “International Consoltd Airlns Grp (ICAGY) Downgraded to “Hold” at Zacks Investment Research” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at

International Consoltd Airlns Grp Company Profile

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

Analyst Recommendations for International Consoltd Airlns Grp (OTCMKTS:ICAGY)

Receive News & Ratings for International Consoltd Airlns Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Consoltd Airlns Grp and related companies with's FREE daily email newsletter.