Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 12-Month Low – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $5.99 and last traded at $6.07, with a volume of 149995 shares changing hands. The stock had previously closed at $6.15.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, November 5th. Citigroup downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, October 15th. Stifel Nicolaus upgraded shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Lufthansa Price Performance

The company has a fifty day moving average of $6.62 and a 200 day moving average of $6.61. The firm has a market capitalization of $7.27 billion, a P/E ratio of 7.31, a PEG ratio of 1.32 and a beta of 1.21.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.