Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to “Hold” at Citigroup

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by equities research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

DLAKY has been the subject of several other research reports. DZ Bank upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Barclays raised shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Monday, August 4th. Morgan Stanley began coverage on shares of Deutsche Lufthansa in a research report on Wednesday, October 15th. They set an “underweight” rating for the company. Finally, Sanford C. Bernstein cut shares of Deutsche Lufthansa from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Deutsche Lufthansa has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

DLAKY opened at $8.02 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The firm’s 50-day moving average price is $8.80 and its 200 day moving average price is $8.28. Deutsche Lufthansa has a twelve month low of $5.69 and a twelve month high of $9.72. The firm has a market capitalization of $9.60 billion, a PE ratio of 4.80, a PEG ratio of 0.98 and a beta of 1.10.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Thursday, July 31st. The transportation company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.45. The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.81 billion. Deutsche Lufthansa had a net margin of 4.76% and a return on equity of 17.19%. As a group, sell-side analysts expect that Deutsche Lufthansa will post 0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.