Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Up 0.9% After Analyst Upgrade

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s share price shot up 0.9% during trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $10.36 and last traded at $10.28. 66,217 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 166,280 shares. The stock had previously closed at $10.19.

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

Hedge Funds Weigh In On Deutsche Lufthansa

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

Deutsche Lufthansa Stock Performance

The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 1.18 and a beta of 0.97. The stock’s 50 day moving average is $9.33 and its two-hundred day moving average is $9.68. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94.

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

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.