Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from an underweight rating to an overweight rating in a report issued on Wednesday.

Several other brokerages have also issued reports on DLAKY. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Kepler Capital Markets raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Deutsche Lufthansa Stock Down 2.6%

Deutsche Lufthansa stock opened at $10.28 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. The stock has a market capitalization of $12.32 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.86. The business has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $9.03. Deutsche Lufthansa has a 12 month low of $5.69 and a 12 month high of $10.68.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.98 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%. On average, analysts anticipate that Deutsche Lufthansa will post 0.87 EPS for the current fiscal year.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC increased its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,270 shares of the transportation company’s stock after acquiring 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.

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.