Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to “Underweight” at Barclays

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Friday.

Several other analysts have also recently issued reports on the stock. Zacks Research cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group downgraded Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Deutsche Lufthansa Trading Up 1.2%

Shares of OTCMKTS DLAKY opened at $9.66 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $11.59 billion, a PE ratio of 6.44, a PEG ratio of 0.60 and a beta of 0.92. Deutsche Lufthansa has a twelve month low of $6.84 and a twelve month high of $11.29. The stock has a fifty day simple moving average of $9.13 and a 200-day simple moving average of $9.51.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.91% and a net margin of 3.83%. On average, equities analysts forecast that Deutsche Lufthansa will post 1.22 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.