Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded by Zacks Investment Research to Strong-Buy

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Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks.com reports. The brokerage presently has a $22.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.67% from the company’s current price.

According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “

DLAKY has been the topic of several other research reports. Credit Suisse Group raised Deutsche Lufthansa from a “neutral” rating to an “outperform” rating in a research note on Friday. Sanford C. Bernstein raised Deutsche Lufthansa from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 30th. Goldman Sachs Group started coverage on Deutsche Lufthansa in a research note on Tuesday, November 19th. They set a “sell” rating on the stock. Bank of America started coverage on Deutsche Lufthansa in a research note on Tuesday, October 1st. They set an “underperform” rating on the stock. Finally, ValuEngine raised Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.75.

Shares of OTCMKTS:DLAKY traded up $0.02 during midday trading on Monday, hitting $19.02. The company had a trading volume of 1,412 shares, compared to its average volume of 36,878. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 3.52 and a beta of 0.92. Deutsche Lufthansa has a 12 month low of $14.22 and a 12 month high of $26.83. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $18.29 and a 200 day simple moving average of $17.26.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings data on Thursday, November 7th. The transportation company reported $2.76 EPS for the quarter. The business had revenue of $11.56 billion for the quarter. Deutsche Lufthansa had a return on equity of 15.36% and a net margin of 3.99%. Equities analysts forecast that Deutsche Lufthansa will post 3.07 EPS for the current fiscal year.

An institutional investor recently raised its position in Deutsche Lufthansa stock. Quadrant Capital Group LLC raised its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 90.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,780 shares of the transportation company’s stock after purchasing an additional 6,085 shares during the quarter. Quadrant Capital Group LLC’s holdings in Deutsche Lufthansa were worth $199,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.13% of the company’s stock.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. It operates through Network Airlines, Point-to-Point Airlines, Logistics, MRO, Catering segments. The Network Airlines segment offers passenger services through a route network of 263 destinations in 86 countries. The Point-to-Point Airlines segment provides passenger services through a route network of 192 destinations in 62 countries.

Further Reading: What is a SEC Filing?

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Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

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