Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 1-Year High – Time to Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares hit a new 52-week high on Monday . The stock traded as high as $11.46 and last traded at $11.46, with a volume of 12026 shares changing hands. The stock had previously closed at $11.06.

Wall Street Analyst Weigh In

Several analysts have issued reports on DLAKY shares. The Goldman Sachs Group cut shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Deutsche Lufthansa presently has an average rating of “Reduce”.

Deutsche Lufthansa Trading Down 2.3%

The stock’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $9.81. The firm has a market cap of $13.46 billion, a PE ratio of 7.47, a PEG ratio of 1.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The company had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. On average, sell-side analysts forecast that Deutsche Lufthansa AG will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the 1st quarter, according to its most recent filing with the 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.