Credit Suisse Group upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a neutral rating to an outperform rating in a report issued on Friday morning, The Fly reports.
A number of other equities analysts also recently commented on the company. Sanford C. Bernstein upgraded Deutsche Lufthansa from a market perform rating to an outperform rating in a research note on Wednesday, October 30th. Goldman Sachs Group initiated coverage on Deutsche Lufthansa in a research note on Tuesday, November 19th. They issued a sell rating for the company. ValuEngine upgraded Deutsche Lufthansa from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Bank of America initiated coverage on Deutsche Lufthansa in a research note on Tuesday, October 1st. They issued an underperform rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Deutsche Lufthansa currently has an average rating of Hold and an average target price of $18.75.
OTCMKTS:DLAKY opened at $19.02 on Friday. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 3.52 and a beta of 0.92. Deutsche Lufthansa has a one year low of $14.22 and a one year high of $26.83. The stock has a 50-day simple moving average of $18.29 and a 200 day simple moving average of $17.26. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.59 and a current ratio of 0.64.
Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Thursday, November 7th. The transportation company reported $2.76 EPS for the quarter. The business had revenue of $11.56 billion during the quarter. Deutsche Lufthansa had a return on equity of 15.36% and a net margin of 3.99%. On average, equities research analysts forecast that Deutsche Lufthansa will post 3.07 EPS for the current fiscal year.
A hedge fund recently raised its stake in Deutsche Lufthansa stock. Quadrant Capital Group LLC raised its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 90.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,780 shares of the transportation company’s stock after acquiring an additional 6,085 shares during the period. Quadrant Capital Group LLC’s holdings in Deutsche Lufthansa were worth $199,000 as of its most recent SEC filing. 0.13% of the stock is currently owned by institutional investors.
About Deutsche Lufthansa
Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. It operates through Network Airlines, Point-to-Point Airlines, Logistics, MRO, Catering segments. The Network Airlines segment offers passenger services through a route network of 263 destinations in 86 countries. The Point-to-Point Airlines segment provides passenger services through a route network of 192 destinations in 62 countries.
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