Deutsche Lufthansa AG (OTCMKTS:DLAKY) Given Consensus Recommendation of “Hold” by Brokerages

Deutsche Lufthansa AG (OTCMKTS:DLAKY) has been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Barclays upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Finally, Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th.

Deutsche Lufthansa Trading Down 2.9%

Shares of DLAKY opened at $8.78 on Wednesday. Deutsche Lufthansa has a fifty-two week low of $6.21 and a fifty-two week high of $11.29. The business has a 50-day moving average of $10.27 and a 200 day moving average of $9.47. The firm has a market cap of $10.53 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 0.44 and a beta of 0.83. 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 (OTCMKTS:DLAKY) last released its quarterly earnings data on Friday, March 6th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.47%. The business had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.38 billion. As a group, research analysts forecast that Deutsche Lufthansa will post 0.87 EPS for the current year.

Deutsche Lufthansa Company Profile

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.