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International Consolidated Airlines Group (OTCMKTS:ICAGY) Releases Earnings Results, Beats Expectations By $0.07 EPS

International Consolidated Airlines Group logo with Transportation background
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International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) announced its quarterly earnings data on Friday. The transportation company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.07, Zacks reports. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The firm had revenue of $8.58 billion for the quarter, compared to analyst estimates of $7.62 billion.

International Consolidated Airlines Group Price Performance

International Consolidated Airlines Group stock traded down $0.54 during midday trading on Tuesday, reaching $8.14. The company had a trading volume of 294,216 shares, compared to its average volume of 146,025. The company has a market capitalization of $19.66 billion, a P/E ratio of 2.59, a P/E/G ratio of 0.69 and a beta of 2.17. International Consolidated Airlines Group has a 12-month low of $3.54 and a 12-month high of $9.11. The firm's fifty day simple moving average is $8.11 and its 200-day simple moving average is $6.58. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ICAGY shares. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a "hold" rating to a "buy" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Sanford C. Bernstein downgraded shares of International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy".

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View Our Latest Report on International Consolidated Airlines Group

About International Consolidated Airlines Group

(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, 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.

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Earnings History for International Consolidated Airlines Group (OTCMKTS:ICAGY)

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