Deutsche Lufthansa AG (OTCMKTS:DLAKY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) have been assigned a consensus rating of “Reduce” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company.

A number of research firms recently issued reports on DLAKY. The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th.

Institutional Investors Weigh In On Deutsche Lufthansa

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

Deutsche Lufthansa Stock Performance

DLAKY opened at $10.00 on Monday. 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 company has a market cap of $11.99 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 1.15 and a beta of 0.97. The company’s 50 day moving average is $9.06 and its 200 day moving average is $9.62. Deutsche Lufthansa has a 12-month low of $7.72 and a 12-month high of $11.29.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). The business had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. On average, equities research analysts predict that Deutsche Lufthansa will post 1.15 EPS for the current 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.