Deutsche Lufthansa (OTCMKTS:DLAKY) Rating Increased to Hold at Zacks Research

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

DLAKY has been the topic of a number of other reports. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

DLAKY opened at $10.28 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The business has a fifty day simple moving average of $9.31 and a 200 day simple moving average of $9.67. Deutsche Lufthansa has a 1 year low of $7.72 and a 1 year high of $11.29. The company has a market capitalization of $12.33 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. Research analysts expect that Deutsche Lufthansa will post 1.15 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.