Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks reports.

Several other research firms also recently commented on DLAKY. Citigroup downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Morgan Stanley downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Finally, Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

Shares of Deutsche Lufthansa stock opened at $8.79 on Tuesday. The firm has a market capitalization of $10.57 billion, a P/E ratio of 13.12, a PEG ratio of 0.54 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average price of $10.05 and a 200 day moving average price of $9.69. Deutsche Lufthansa has a 52 week low of $7.91 and a 52 week high of $11.53.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its 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 analyst estimates of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%. Sell-side analysts expect that Deutsche Lufthansa will post 1 EPS for the current year.

Institutional Trading of Deutsche Lufthansa

Several institutional investors and hedge funds have recently bought and sold shares of DLAKY. Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa in the 2nd quarter valued at $120,000. GAMMA Investing LLC raised its holdings in shares of 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 last quarter. Finally, Sterling Capital Management LLC purchased a new position in shares of Deutsche Lufthansa during the first quarter worth $204,000.

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.