Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to Underweight at Barclays

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a note issued to investors on Wednesday, MarketBeat.com reports.

DLAKY has been the subject of a number of other research reports. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Finally, Citigroup cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Deutsche Lufthansa Stock Down 0.9%

OTCMKTS:DLAKY opened at $10.09 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. Deutsche Lufthansa has a fifty-two week low of $5.80 and a fifty-two week high of $10.68. The stock has a market capitalization of $12.09 billion, a P/E ratio of 6.27, a P/E/G ratio of 1.27 and a beta of 0.86. The company’s 50-day simple moving average is $9.59 and its 200-day simple moving average is $9.06.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. On average, equities analysts anticipate that Deutsche Lufthansa will post 0.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC increased its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,270 shares of the transportation company’s stock after purchasing 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 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.