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

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. “

Several other brokerages also recently commented on ICAGY. Morgan Stanley restated an “equal weight” rating on shares of International Consoltd Airlns Grp SA in a research note on Tuesday, September 12th. Davy Research restated a “neutral” rating on shares of International Consoltd Airlns Grp SA in a research note on Tuesday, August 22nd. ValuEngine upgraded International Consoltd Airlns Grp SA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Finally, Sanford C. Bernstein began coverage on International Consoltd Airlns Grp SA in a research note on Tuesday, June 27th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.00.

Shares of International Consoltd Airlns Grp SA (NASDAQ:ICAGY) traded up 0.23% during mid-day trading on Tuesday, hitting $17.33. The company’s 50 day moving average is $16.20 and its 200-day moving average is $15.58. The firm has a market cap of $18.29 billion and a price-to-earnings ratio of 8.13. International Consoltd Airlns Grp SA has a 52-week low of $9.95 and a 52-week high of $17.42.

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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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