International Consolidated Airlines Group (OTCMKTS:ICAGY) Stock Rating Lowered by Sanford C. Bernstein

International Consolidated Airlines Group (OTCMKTS:ICAGY) was downgraded by research analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS:ICAGY opened at $8.70 on Wednesday. The firm’s 50 day simple moving average is $7.85 and its 200 day simple moving average is $6.15. International Consolidated Airlines Group has a fifty-two week low of $3.54 and a fifty-two week high of $9.11. The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 2.77, a P/E/G ratio of 0.75 and a beta of 2.17. 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 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.