International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from an underweight rating to an overweight rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

Separately, Royal Bank of Canada raised shares of International Consolidated Airlines Group from a sector perform rating to an outperform rating in a research note on Thursday, March 21st.

International Consolidated Airlines Group Stock Performance

Shares of International Consolidated Airlines Group stock opened at $4.46 on Wednesday. The firm has a fifty day moving average of $4.34 and a two-hundred day moving average of $4.07. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 1.48, a PEG ratio of 0.98 and a beta of 2.19. International Consolidated Airlines Group has a 52 week low of $3.28 and a 52 week high of $4.63. The company has a debt-to-equity ratio of 4.22, a quick ratio of 0.60 and a current ratio of 0.63.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, May 10th. The transportation company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). International Consolidated Airlines Group had a net margin of 9.14% and a return on equity of 197.29%. The firm had revenue of $6.98 billion during the quarter, compared to analyst estimates of $6.95 billion. As a group, equities research analysts predict that International Consolidated Airlines Group will post 0.95 EPS for the current year.

About International Consolidated Airlines Group

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.