International Consoltd Airlns Grp (ICAGY) Downgraded to “Hold” at Zacks Investment Research
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.
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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.
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