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 seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company.

DLAKY has been the subject of a number of research analyst reports. Zacks Research raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. Finally, Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th.

Hedge Funds Weigh In On Deutsche Lufthansa

A number of hedge funds and other institutional investors have recently bought and sold shares of DLAKY. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa in the 1st quarter valued at about $204,000. GAMMA Investing LLC increased its stake in 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 period. Finally, Fulton Bank N.A. acquired a new stake in shares of Deutsche Lufthansa during the second quarter worth about $120,000.

Deutsche Lufthansa Trading Down 3.4%

OTCMKTS DLAKY opened at $8.75 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The stock has a market capitalization of $10.52 billion, a P/E ratio of 13.06, a PEG ratio of 0.56 and a beta of 0.97. The firm’s 50-day moving average is $10.09 and its two-hundred day moving average is $9.70. Deutsche Lufthansa has a 12 month low of $7.91 and a 12 month high of $11.53.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The company had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.79%. On average, sell-side analysts anticipate that Deutsche Lufthansa will post 1 earnings per share for the current year.

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.