Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Rating Lowered by Citigroup

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by equities researchers at Citigroup from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on DLAKY. The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Barclays cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Deutsche Lufthansa Trading Down 5.4%

Shares of Deutsche Lufthansa stock opened at $10.60 on Wednesday. The firm has a market capitalization of $12.74 billion, a PE ratio of 7.07, a P/E/G ratio of 0.68 and a beta of 0.96. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.53. The firm’s 50-day moving average price is $9.92 and its 200 day moving average price is $9.81. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The business had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.29 billion. On average, sell-side analysts predict that Deutsche Lufthansa will post 1.19 EPS for the current fiscal year.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 52.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,943 shares of the transportation company’s stock after acquiring an additional 4,779 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $159,000 at the end of the most recent quarter.

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.