Zacks Research Upgrades Deutsche Lufthansa (OTCMKTS:DLAKY) to Hold

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Separately, Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Deutsche Lufthansa Trading Up 2.7%

DLAKY opened at $9.37 on Thursday. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.57 and a beta of 1.17. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average price of $8.58 and a 200-day moving average price of $9.49. Deutsche Lufthansa has a 12 month low of $7.82 and a 12 month high of $11.53.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.21). The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. As a group, equities research analysts anticipate that Deutsche Lufthansa will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,477 shares of the transportation company’s stock, valued at approximately $120,000.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.