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InterContinental Hotels Group PLC (ADR) (NYSE:IHG) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded InterContinental Hotels Group PLC (ADR) (NYSE:IHG) to Hold in a statement released on Wednesday June 21, 2017.

Boasting a price of $56.22, InterContinental Hotels Group PLC (ADR) (NYSE:IHG) traded -0.86% lower on the day. With the last stock price close up -6.44% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. InterContinental Hotels Group PLC (ADR) has recorded a 50-day average of $51.88 and a two hundred day average of $53.28. Volume of trade was up over the average, with 157,256 shares of IHG changing hands over the typical 123,739

Performance Chart

InterContinental Hotels Group PLC (ADR) (NYSE:IHG)

With a total market value of $0, InterContinental Hotels Group PLC (ADR) has price-earnings ratio of 22.35 with a one year low of $39.84 and a one year high of $57.80 .

A total of 6 equity analysts have released a ratings update on IHG. One equity analyst rating the company a strong buy, one firm rating the stock a buy, 3 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $48.59.

About InterContinental Hotels Group PLC (ADR) (NYSE:IHG)

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels. As of December 31, 2016, The Americas pipeline totaled 945 hotels (102,451 rooms). As of December 31, 2016, the Europe pipeline totaled 137 hotels (23,954 rooms). As of December 31, 2016, the AMEA pipeline totaled 149 hotels (39,643 rooms). As of December 31, 2016, the Greater China pipeline totaled 239 hotels (64,028 rooms). As of April 21, 2017, it had 5,200 hotels and 777,000 rooms in its system. As of April 21, 2017, it operated in over 100 countries globally.

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