International Consoltd Airlns Grp SA (NASDAQ:ICAGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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. “

ICAGY has been the topic of several other reports. Kepler Capital Markets upgraded shares of International Consoltd Airlns Grp SA from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of International Consoltd Airlns Grp SA in a research note on Thursday, June 15th. Sanford C. Bernstein assumed coverage on shares of International Consoltd Airlns Grp SA in a research note on Tuesday, June 27th. They issued an “outperform” rating on the stock. Finally, ValuEngine upgraded shares of International Consoltd Airlns Grp SA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given 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 $13.00.

International Consoltd Airlns Grp SA (NASDAQ:ICAGY) traded up 1.45% during mid-day trading on Friday, reaching $16.13. 18,161 shares of the company were exchanged. International Consoltd Airlns Grp SA has a 1-year low of $8.92 and a 1-year high of $16.53. The firm has a market capitalization of $17.03 billion and a P/E ratio of 7.82. The stock has a 50-day moving average of $15.65 and a 200 day moving average of $14.25.

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About International Consoltd Airlns Grp SA

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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