Deutsche Lufthansa (OTCMKTS:DLAKY) Raised to “Hold” at Zacks Research

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Separately, Citigroup lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Lufthansa presently has an average rating of “Reduce”.

Deutsche Lufthansa Trading Up 2.7%

DLAKY stock traded up $0.25 during midday trading on Thursday, hitting $9.37. The stock had a trading volume of 205,343 shares, compared to its average volume of 290,282. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The firm has a market cap of $11.26 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.17. The business has a fifty day moving average price of $8.58 and a two-hundred day moving average price of $9.49. Deutsche Lufthansa has a 1-year low of $7.82 and a 1-year high of $11.53.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. On average, sell-side analysts predict that Deutsche Lufthansa will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Fulton Bank N.A. purchased a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,477 shares of the transportation company’s stock, valued at approximately $120,000.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.