Deutsche Lufthansa (OTCMKTS:DLAKY) Now Covered by Analysts at HSBC

Investment analysts at HSBC started coverage on shares of Deutsche Lufthansa (OTCMKTS:DLAKY) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “hold” rating on the transportation company’s stock.

DLAKY has been the topic of several other research reports. Zacks Investment Research downgraded Deutsche Lufthansa from a “hold” rating to a “sell” rating in a research note on Tuesday, July 13th. Credit Suisse Group restated an “underperform” rating on shares of Deutsche Lufthansa in a research report on Tuesday, September 21st. Barclays restated an “underweight” rating on shares of Deutsche Lufthansa in a research report on Wednesday, June 16th. UBS Group restated a “sell” rating on shares of Deutsche Lufthansa in a research report on Thursday, September 30th. Finally, AlphaValue downgraded Deutsche Lufthansa to a “reduce” rating in a research report on Thursday, September 16th. Ten research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Sell” and an average target price of $13.98.

Deutsche Lufthansa stock opened at $10.41 on Tuesday. Deutsche Lufthansa has a 12 month low of $8.27 and a 12 month high of $15.56. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 4.22. The business’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $11.75. The company has a market cap of $6.22 billion, a price-to-earnings ratio of -0.98 and a beta of 1.35.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Tuesday, August 3rd. The transportation company reported ($1.52) EPS for the quarter. Deutsche Lufthansa had a negative net margin of 44.35% and a negative return on equity of 198.47%. The firm had revenue of $3.87 billion during the quarter. As a group, equities research analysts forecast that Deutsche Lufthansa will post -4.65 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC lifted its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 476,607 shares of the transportation company’s stock after purchasing an additional 23,163 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.08% of Deutsche Lufthansa worth $5,379,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.08% of the company’s stock.

About Deutsche Lufthansa

Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines.

Featured Story: How to Use the MarketBeat Retirement Calculator

The Fly logo

Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

Receive News & Ratings for Deutsche Lufthansa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Lufthansa and related companies with MarketBeat.com's FREE daily email newsletter.