Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up After Analyst Upgrade

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s share price gapped up prior to trading on Monday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $9.4820, but opened at $9.98. Deutsche Lufthansa shares last traded at $10.00, with a volume of 5,138 shares trading hands.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Morgan Stanley began coverage on Deutsche Lufthansa in a report on Wednesday, October 15th. They issued an “underweight” rating on the stock. Finally, Citigroup cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Deutsche Lufthansa Trading Up 5.4%

The firm has a market capitalization of $11.98 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.39 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05. The company’s fifty day moving average is $8.88 and its 200-day moving average is $8.77.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.98 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%. As a group, sell-side analysts anticipate that Deutsche Lufthansa AG will post 0.87 earnings per share for the current fiscal year.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.