Shares of International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY – Get Free Report) dropped 0.8% on Friday . The company traded as low as $4.30 and last traded at $4.33. Approximately 26,037 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 82,588 shares. The stock had previously closed at $4.37.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ICAGY. JPMorgan Chase & Co. raised shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, March 6th. Morgan Stanley downgraded shares of International Consolidated Airlines Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada upgraded International Consolidated Airlines Group from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $213.33.
View Our Latest Research Report on ICAGY
International Consolidated Airlines Group Price Performance
International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Free Report) last released its earnings results on Sunday, February 25th. The transportation company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.43. The business had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.76 billion. International Consolidated Airlines Group had a return on equity of 380.77% and a net margin of 9.05%. On average, research analysts expect that International Consolidated Airlines Group S.A. will post 0.93 earnings per share for the current fiscal year.
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.
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