Deutsche Lufthansa AG (OTCMKTS:DLAKY) Given Consensus Recommendation of “Hold” by Analysts

Deutsche Lufthansa AG (OTCMKTS:DLAKY) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several research firms have issued reports on DLAKY. Barclays upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. The Goldman Sachs Group cut Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Trading Up 5.5%

OTCMKTS:DLAKY opened at $9.57 on Thursday. Deutsche Lufthansa has a 1 year low of $6.84 and a 1 year high of $11.29. The stock has a market cap of $11.48 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.57 and a beta of 0.92. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a 50-day simple moving average of $9.16 and a 200-day simple moving average of $9.50.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $11.52 billion for the quarter, compared to analyst estimates of $11.38 billion. Deutsche Lufthansa had a return on equity of 13.15% and a net margin of 3.63%. As a group, analysts anticipate that Deutsche Lufthansa will post 1.22 earnings per share for the current fiscal year.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.