UBS Group upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY – Get Rating) from a neutral rating to a buy rating in a report issued on Wednesday, The Fly reports.
DLAKY has been the subject of several other research reports. Bank of America raised Deutsche Lufthansa from an underperform rating to a neutral rating in a research note on Thursday, December 8th. JPMorgan Chase & Co. started coverage on Deutsche Lufthansa in a research note on Friday, December 2nd. They set an overweight rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Deutsche Lufthansa from €8.50 ($9.14) to €9.00 ($9.68) and gave the stock a hold rating in a research note on Tuesday, December 13th. Morgan Stanley started coverage on Deutsche Lufthansa in a research note on Tuesday, January 10th. They set an underweight rating for the company. Finally, Barclays started coverage on Deutsche Lufthansa in a research note on Tuesday, February 21st. They set an overweight rating for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $7.80.
Deutsche Lufthansa Trading Down 4.6 %
DLAKY stock opened at $10.08 on Wednesday. The business has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $8.22. Deutsche Lufthansa has a 52 week low of $5.40 and a 52 week high of $11.67. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.58.
Institutional Trading of Deutsche Lufthansa
A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Yousif Capital Management LLC bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,989 shares of the transportation company’s stock, valued at approximately $115,000.
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.
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