The Goldman Sachs Group Downgrades International Consolidated Airlines Group (OTCMKTS:ICAGY) to Hold

The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group (OTCMKTS:ICAGY - Free Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group from a "hold" rating to a "buy" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Down 2.1 %

Shares of ICAGY traded down $0.18 during midday trading on Monday, reaching $8.52. The stock had a trading volume of 156,948 shares, compared to its average volume of 125,370. International Consolidated Airlines Group has a 1-year low of $3.54 and a 1-year high of $9.11. The company's fifty day simple moving average is $7.90 and its two-hundred day simple moving average is $6.20. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 2.71, a PEG ratio of 0.75 and a beta of 2.17. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67.

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.