Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong sell rating to a hold rating in a research report released on Thursday morning,Zacks reports.

Separately, Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Deutsche Lufthansa presently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

OTCMKTS DLAKY traded up $0.25 during trading hours on Thursday, reaching $9.37. The company’s stock had a trading volume of 205,343 shares, compared to its average volume of 290,282. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $9.49. Deutsche Lufthansa has a 52 week low of $7.82 and a 52 week high of $11.53. The stock has a market cap of $11.26 billion, a PE ratio of 7.87, a PEG ratio of 0.57 and a beta of 1.17.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued 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 net margin of 1.63% and a return on equity of 5.74%. Equities research analysts predict that Deutsche Lufthansa will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Fulton Bank N.A. bought a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,477 shares of the transportation company’s stock, valued at approximately $120,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.