Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares gapped down before the market opened on Monday . The stock had previously closed at $10.78, but opened at $10.0250. Deutsche Lufthansa shares last traded at $10.15, with a volume of 140,700 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Zacks Research downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Deutsche Lufthansa has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

The firm’s 50 day moving average is $10.35 and its 200-day moving average is $9.47. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.73 and a beta of 0.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85.

Deutsche Lufthansa Company Profile

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.