Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down on Analyst Downgrade

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped down prior to trading on Wednesday after Citigroup downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $11.46, but opened at $10.65. Deutsche Lufthansa shares last traded at $10.69, with a volume of 30,460 shares.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group cut Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Investors Weigh In On Deutsche Lufthansa

A number of hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa during the 1st quarter valued at approximately $204,000. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4,779 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa during the 2nd quarter worth approximately $120,000.

Deutsche Lufthansa Stock Up 0.9%

The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $12.86 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.65 and a beta of 0.96. The business has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.82.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. On average, equities analysts expect that Deutsche Lufthansa AG will post 1.19 EPS for the current fiscal year.

Deutsche Lufthansa Company Profile

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.