Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Here’s What Happened

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped up before the market opened on Tuesday . The stock had previously closed at $9.00, but opened at $9.41. Deutsche Lufthansa shares last traded at $9.15, with a volume of 35,354 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Barclays raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Deutsche Lufthansa has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

The stock has a market cap of $10.97 billion, a P/E ratio of 6.73, a PEG ratio of 0.44 and a beta of 0.83. The stock has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $9.46. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Friday, March 6th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.38 billion. Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.47%. Equities analysts expect that Deutsche Lufthansa AG will post 0.87 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.