The Goldman Sachs Group Downgrades International Consolidated Airlines Group (OTCMKTS:ICAGY) to Hold

The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

OTCMKTS:ICAGY opened at $8.65 on Monday. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 2.75, a PEG ratio of 0.75 and a beta of 2.17. The business has a 50 day moving average of $7.78 and a 200 day moving average of $6.10. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. International Consolidated Airlines Group has a 1-year low of $3.51 and a 1-year high of $9.11.

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.