The International Consoltd Airlns Grp SA (ICAGY) Lifted to Strong-Buy at Zacks Investment Research

The International Consoltd Airlns Grp SA (ICAGY) Lifted to Strong-Buy at Zacks Investment Research

International Consoltd Airlns Grp SA (NASDAQ:ICAGY) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage presently has a $20.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.80% from the stock’s current price.

According to Zacks, “International Consolidated Airlines Group, S.A. acts as the holding company for British Airways and Iberia providing scheduled passenger and cargo Airline services with its principal place of business being London. The company Airways maintains strategic alliance with several worldwide airlines and, together with its codeshare and franchise partners, flies to more than 300 destinations worldwide. International Consolidated Airlines Group, S.A. is based in Harmondsworth, United Kingdom. “

A number of other research analysts have also recently commented on ICAGY. Sanford C. Bernstein began coverage on International Consoltd Airlns Grp SA in a research report on Tuesday, June 27th. They set an “outperform” rating on the stock. ValuEngine raised International Consoltd Airlns Grp SA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Davy Research reaffirmed a “neutral” rating on shares of International Consoltd Airlns Grp SA in a research report on Tuesday, August 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of International Consoltd Airlns Grp SA in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. International Consoltd Airlns Grp SA presently has an average rating of “Buy” and a consensus target price of $20.00.

International Consoltd Airlns Grp SA (ICAGY) traded up 2.31% during midday trading on Wednesday, reaching $17.73. The company had a trading volume of 10,811 shares. International Consoltd Airlns Grp SA has a 12-month low of $9.95 and a 12-month high of $17.81. The stock’s 50 day moving average is $16.26 and its 200 day moving average is $15.59. The firm has a market capitalization of $18.71 billion and a price-to-earnings ratio of 8.32.

International Consoltd Airlns Grp SA Company Profile

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

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