Citigroup Confirms Buy Rating for International Consolidated Airlines Group S.A. - Depositary Receipt (ICAGY)

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Oct 25 2025

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Source: NASDAQ.COM

Citigroup's Recommendation: On October 23, 2025, Citigroup reiterated a Buy recommendation for International Consolidated Airlines Group S.A. - Depositary Receipt (OTCPK:ICAGY), with an average one-year price target of $12.30/share, indicating a potential upside of 191.58% from its current price of $4.22/share.
Projected Revenue and EPS: The projected annual revenue for International Consolidated Airlines Group S.A. is $29,242 million, reflecting a decrease of 12.14%, with a projected non-GAAP EPS of 0.30.
Fund Sentiment Changes: There has been a 16.67% increase in the number of funds reporting positions in ICAGY, although total shares owned by institutions decreased by 10.95% to 195,000 shares.
Shareholder Activity: Notable changes in shareholder positions include Goldman Sachs MarketBeta International Equity ETF reducing its holdings by 3.68%, while Rhumbline Advisers and GAMMA Investing increased their allocations by 32.62% and 54.90%, respectively.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.