Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other research firms have also issued reports on DLAKY. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group lowered Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Price Performance

OTCMKTS:DLAKY opened at $10.28 on Monday. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 1.17 and a beta of 0.97. Deutsche Lufthansa has a 52-week low of $7.72 and a 52-week high of $11.29. The stock has a fifty day moving average of $9.31 and a 200 day moving average of $9.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.46%. On average, research analysts expect that Deutsche Lufthansa will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.