International Consolidated Airlines Group (LON:IAG) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group (LON:IAG - Free Report) to a buy rating in a report released on Wednesday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has GBX 400 ($5.11) target price on the stock, up from their previous target price of GBX 215 ($2.75).

Separately, JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

Shares of IAG traded up GBX 6.06 ($0.08) on Wednesday, reaching GBX 288.06 ($3.68). 17,088,957 shares of the company's stock traded hands, compared to its average volume of 22,006,564. The stock's 50 day simple moving average is GBX 223.96 and its two-hundred day simple moving average is GBX 192.32. The stock has a market cap of £14.11 billion, a PE ratio of 680.95, a PEG ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 52-week low of GBX 141.35 ($1.81) and a 52-week high of GBX 290.80 ($3.72). The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70.

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.