According to Zacks, “International Consolidated Airlines Group, S.A. acts as the holding company for British Airways and Iberia providing scheduled passenger and cargo Airline services with its principal place of business being London. The company Airways maintains strategic alliance with several worldwide airlines and, together with its codeshare and franchise partners, flies to more than 300 destinations worldwide. International Consolidated Airlines Group, S.A. is based in Harmondsworth, United Kingdom. “
Several other analysts also recently commented on the stock. Sanford C. Bernstein upgraded shares of INTL CONS AIRL/S from a market perform rating to an outperform rating in a report on Wednesday, November 6th. ValuEngine upgraded shares of INTL CONS AIRL/S from a sell rating to a hold rating in a report on Wednesday, October 2nd. Goldman Sachs Group began coverage on shares of INTL CONS AIRL/S in a report on Tuesday, November 19th. They issued a buy rating for the company. HSBC upgraded shares of INTL CONS AIRL/S from a reduce rating to a hold rating in a report on Monday, August 5th. Finally, Bank of America began coverage on shares of INTL CONS AIRL/S in a report on Tuesday, October 1st. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $13.00.
INTL CONS AIRL/S (OTCMKTS:ICAGY) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $1.68. INTL CONS AIRL/S had a net margin of 8.54% and a return on equity of 50.82%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $8.44 billion. As a group, equities analysts forecast that INTL CONS AIRL/S will post 2.4 earnings per share for the current fiscal year.
INTL CONS AIRL/S Company Profile
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. The company operates under the British Airways, Iberia, Vueling, LEVEL, and Aer Lingus brands.
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