Deutsche Bank Aktiengesellschaft Upgrades International Consolidated Airlines Group (OTCMKTS:ICAGY) to “Buy”

International Consolidated Airlines Group (OTCMKTS:ICAGY) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Wednesday,Briefing.com Automated Import reports.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY traded up $0.01 during trading hours on Wednesday, reaching $7.24. 175,523 shares of the company traded hands, compared to its average volume of 79,282. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The stock’s fifty day moving average is $5.81 and its 200 day moving average is $4.97. International Consolidated Airlines Group has a 1-year low of $3.51 and a 1-year high of $7.38. The stock has a market cap of $7.10 billion, a P/E ratio of 2.31, a price-to-earnings-growth ratio of 0.71 and a beta of 2.23.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $1.60 EPS for the quarter, beating the consensus estimate of $0.55 by $1.05. International Consolidated Airlines Group had a return on equity of 103.74% and a net margin of 9.12%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.21 billion. Equities research analysts anticipate that International Consolidated Airlines Group will post 1.06 earnings per share for the current fiscal 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.