Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Rating Raised to Hold at Zacks Research

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

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

Deutsche Lufthansa Trading Up 2.7%

DLAKY stock opened at $9.37 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.78 and a current ratio of 0.86. Deutsche Lufthansa has a 52 week low of $7.82 and a 52 week high of $11.53. The company’s 50-day simple moving average is $8.58 and its 200 day simple moving average is $9.49. The company has a market capitalization of $11.26 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.57 and a beta of 1.17.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The company had revenue of $12.84 billion during 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, sell-side analysts anticipate that Deutsche Lufthansa will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

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

Deutsche Lufthansa Company Profile

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.