Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks.com reports. The firm currently has a $22.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 15.67% from the company’s current price.

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. “

A number of other equities research analysts also recently weighed in on the stock. Bank of America began coverage on shares of Deutsche Lufthansa in a research report on Tuesday, October 1st. They issued an “underperform” rating for the company. Goldman Sachs Group began coverage on shares of Deutsche Lufthansa in a research report on Tuesday, November 19th. They issued a “sell” rating for the company. Credit Suisse Group upgraded shares of Deutsche Lufthansa from a “neutral” rating to an “outperform” rating in a research report on Friday. ValuEngine upgraded shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded shares of Deutsche Lufthansa from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.75.

Shares of OTCMKTS DLAKY traded up $0.02 during midday trading on Monday, reaching $19.02. The company’s stock had a trading volume of 1,412 shares, compared to its average volume of 36,878. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.59 and a current ratio of 0.64. Deutsche Lufthansa has a fifty-two week low of $14.22 and a fifty-two week high of $26.83. The business’s 50 day moving average price is $18.29 and its two-hundred day moving average price is $17.26. The company has a market cap of $9.04 billion, a P/E ratio of 3.52 and a beta of 0.92.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Thursday, November 7th. The transportation company reported $2.76 earnings per share for the quarter. Deutsche Lufthansa had a net margin of 3.99% and a return on equity of 15.36%. The company had revenue of $11.56 billion during the quarter. Sell-side analysts forecast that Deutsche Lufthansa will post 3.07 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Deutsche Lufthansa stock. Quadrant Capital Group LLC increased its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 90.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,780 shares of the transportation company’s stock after purchasing an additional 6,085 shares during the quarter. Quadrant Capital Group LLC’s holdings in Deutsche Lufthansa were worth $199,000 at the end of the most recent reporting period. 0.13% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. It operates through Network Airlines, Point-to-Point Airlines, Logistics, MRO, Catering segments. The Network Airlines segment offers passenger services through a route network of 263 destinations in 86 countries. The Point-to-Point Airlines segment provides passenger services through a route network of 192 destinations in 62 countries.

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