Deutsche Lufthansa AG (DLAKY) Upgraded by Zacks Investment Research to Buy
Deutsche Lufthansa AG (NASDAQ:DLAKY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $12.00 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 11.27% from the company’s previous close.
According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “
Separately, Deutsche Bank AG lowered shares of Deutsche Lufthansa AG from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th.
Deutsche Lufthansa AG (NASDAQ:DLAKY) traded down 2.575% during trading on Tuesday, hitting $10.785. The stock had a trading volume of 54,511 shares. Deutsche Lufthansa AG has a 12 month low of $10.75 and a 12 month high of $17.10. The stock has a market cap of $5.01 billion and a price-to-earnings ratio of 3.806. The firm has a 50 day moving average of $11.70 and a 200-day moving average of $13.18.
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