Deutsche Lufthansa (OTCMKTS:DLAKY) Lowered to “Strong Sell” Rating by Citigroup

Citigroup cut shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. 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. Barclays cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock opened at $10.60 on Wednesday. The company’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $9.81. The company has a market cap 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 52 week low of $7.91 and a 52 week high of $11.53. 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 issued 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). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The company had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.29 billion. As a group, equities research analysts anticipate that Deutsche Lufthansa will post 1.19 EPS for the current year.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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.