International Consolidated Airlines Group (OTCMKTS:ICAGY) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY) from a hold rating to a buy rating in a research report report published on Wednesday morning, MarketBeat.com reports.

International Consolidated Airlines Group Trading Down 0.3 %

Shares of ICAGY opened at $7.45 on Wednesday. International Consolidated Airlines Group has a twelve month low of $3.51 and a twelve month high of $7.56. The firm has a market capitalization of $18.18 billion, a P/E ratio of 2.43, a price-to-earnings-growth ratio of 0.72 and a beta of 2.23. 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 stock’s fifty day simple moving average is $5.96 and its 200 day simple moving average is $5.03.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last announced its quarterly earnings results on Friday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $1.05. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.21 billion. On average, equities research analysts forecast that International Consolidated Airlines Group will post 1.06 earnings per share for the current year.

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.