Morgan Stanley Downgrades International Consolidated Airlines Group (OTCMKTS:ICAGY) to Underweight

International Consolidated Airlines Group (OTCMKTS:ICAGYGet Free Report) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday, Briefing.com reports.

Separately, JPMorgan Chase & Co. lowered shares of International Consolidated Airlines Group from a “neutral” rating to an “underweight” rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Consolidated Airlines Group currently has a consensus rating of “Hold” and an average price target of $213.33.

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International Consolidated Airlines Group Price Performance

ICAGY opened at $3.69 on Tuesday. The firm’s fifty day moving average is $3.84 and its two-hundred day moving average is $3.82. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 7.84. International Consolidated Airlines Group has a twelve month low of $3.15 and a twelve month high of $4.38.

International Consolidated Airlines Group Company Profile

(Get Free Report)

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. It also provides aircraft leasing, aircraft maintenance, tour operation, call centre, ground handling, trustee, storage and custody, and airport infrastructure development services.

Further Reading

Analyst Recommendations for International Consolidated Airlines Group (OTCMKTS:ICAGY)

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