International Consolidated Airlines Group (OTCMKTS:ICAGY) Price Target Increased to €1.30 by Analysts at JPMorgan Chase & Co.

International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Rating) had its price target lifted by JPMorgan Chase & Co. from €1.25 ($1.29) to €1.30 ($1.34) in a report published on Tuesday, The Fly reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. UBS Group decreased their target price on International Consolidated Airlines Group from GBX 196 ($2.40) to GBX 180 ($2.21) in a research report on Wednesday, May 11th. Morgan Stanley cut shares of International Consolidated Airlines Group from an overweight rating to an equal weight rating in a research note on Tuesday, May 31st. Kepler Capital Markets upgraded shares of International Consolidated Airlines Group from a reduce rating to a buy rating in a research note on Tuesday, May 31st. Barclays cut their price target on shares of International Consolidated Airlines Group from GBX 2.05 ($0.03) to GBX 2 ($0.02) in a research note on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of International Consolidated Airlines Group from GBX 155 ($1.90) to GBX 140 ($1.72) in a research note on Friday, June 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $65.12.

International Consolidated Airlines Group Stock Down 1.4 %

ICAGY stock opened at $2.80 on Tuesday. International Consolidated Airlines Group has a twelve month low of $2.42 and a twelve month high of $5.29. The company has a market cap of $2.78 billion, a PE ratio of -1.57 and a beta of 1.92. The business’s 50-day simple moving average is $2.82 and its 200 day simple moving average is $3.43. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 20.19.

International Consolidated Airlines Group (OTCMKTS:ICAGY – Get Rating) last released its earnings results on Friday, May 6th. The transportation company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.57). International Consolidated Airlines Group had a negative return on equity of 536.17% and a negative net margin of 10.20%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.28 billion. On average, research analysts anticipate that International Consolidated Airlines Group will post -0.13 earnings per share for the current year.

About International Consolidated Airlines Group

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International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.

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