Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up After Analyst Upgrade

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) gapped up prior to trading on Monday after Barclays upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $9.12, but opened at $9.74. Deutsche Lufthansa shares last traded at $9.71, with a volume of 28,311 shares trading hands.

Separately, Zacks Research raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Research Report on DLAKY

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,477 shares of the transportation company’s stock, valued at approximately $120,000.

Deutsche Lufthansa Stock Up 0.9%

The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The firm has a market cap of $11.84 billion, a P/E ratio of 8.28, a PEG ratio of 0.57 and a beta of 1.17. The stock’s 50-day simple moving average is $8.61 and its 200 day simple moving average is $9.48.

Deutsche Lufthansa Company Profile

(Get Free Report)

Deutsche Lufthansa AG is a German aviation group whose businesses include passenger airlines, air cargo and aircraft maintenance. Its airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and Eurowings, serving destinations in Europe and around the world. The group also provides aviation services through businesses such as Lufthansa Cargo, which transports freight, and Lufthansa Technik, which maintains, repairs and overhauls aircraft and related equipment. Lufthansa’s main passenger hubs are Frankfurt and Munich.

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