International Consolidated Airlines Group (OTCMKTS:ICAGY) Posts Quarterly Earnings Results

International Consolidated Airlines Group (OTCMKTS:ICAGY) announced its quarterly earnings results on Friday. The transportation company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07, Zacks reports. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The firm had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $7.62 billion.

International Consolidated Airlines Group Stock Up 3.5 %

Shares of OTCMKTS ICAGY opened at $8.77 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. The company has a market cap of $21.18 billion, a P/E ratio of 2.79, a PEG ratio of 0.69 and a beta of 2.17. International Consolidated Airlines Group has a 1 year low of $3.54 and a 1 year high of $9.11. The firm has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $6.50.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.