Deutsche Lufthansa AG (OTCMKTS:DLAKY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) have received an average recommendation of “Reduce” from the seven brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company.

DLAKY has been the subject of several analyst reports. Zacks Research cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Citigroup downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th.

Hedge Funds Weigh In On Deutsche Lufthansa

Hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC bought a new stake in shares of Deutsche Lufthansa during the 1st quarter valued at approximately $204,000. GAMMA Investing LLC grew its holdings in shares of Deutsche Lufthansa by 52.1% during the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after purchasing an additional 4,779 shares during the last quarter. Finally, Fulton Bank N.A. bought a new stake in shares of Deutsche Lufthansa during the second quarter worth about $120,000.

Deutsche Lufthansa Stock Down 1.7%

Deutsche Lufthansa stock opened at $8.62 on Friday. The stock has a market cap of $10.36 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.54 and a beta of 0.97. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.53. The company’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $9.49.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued 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). The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. As a group, analysts expect that Deutsche Lufthansa will post 0.97 EPS for the current year.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a German aviation and transportation company that operates through the Lufthansa Group. Its principal business is the operation of passenger airlines serving domestic, European and international markets, with major hubs in Frankfurt and Munich and additional hubs across Europe.

The group’s airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines. It also provides air cargo services through Lufthansa Cargo, aircraft maintenance, repair and overhaul services through Lufthansa Technik, and travel-related loyalty and service offerings through businesses including Miles & More.

Deutsche Lufthansa was established in 1953, with flight operations beginning in 1955, following the postwar re-establishment of Germany’s national airline.