Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Large Volume Increase – Time to Buy?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw strong trading volume on Monday . 48,061 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 48,467 shares.The stock last traded at $10.21 and had previously closed at $10.28.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Deutsche Lufthansa has an average rating of “Hold”.

Deutsche Lufthansa Stock Down 5.6%

The firm’s 50-day simple moving average is $9.61 and its 200 day simple moving average is $9.07. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market capitalization of $11.41 billion, a P/E ratio of 6.31, a PEG ratio of 1.26 and a beta of 0.86.

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

Hedge Funds Weigh In On 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 second quarter, according to the company in its most recent disclosure 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 period. 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.