International Consolidated Airlines Group (OTCMKTS:ICAGY) Downgraded by Sanford C. Bernstein to “Hold”

International Consolidated Airlines Group (OTCMKTS:ICAGY) was downgraded by 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 analysts have also recently issued reports about the company. The Goldman Sachs Group cut International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Stock Down 0.2 %

OTCMKTS ICAGY opened at $8.70 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 2.77, a PEG ratio of 0.75 and a beta of 2.17. The company has a 50 day moving average of $7.85 and a 200-day moving average of $6.15. International Consolidated Airlines Group has a 1-year low of $3.54 and a 1-year high of $9.11.

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.