Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded by Zacks Research to Hold Rating

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

DLAKY has been the subject of a number of other research reports. The Goldman Sachs Group cut Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS:DLAKY opened at $10.28 on Monday. Deutsche Lufthansa has a 1 year low of $7.72 and a 1 year high of $11.29. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The company’s 50 day simple moving average is $9.31 and its 200 day simple moving average is $9.67.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. As a group, research analysts predict that Deutsche Lufthansa will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.