Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded by The Goldman Sachs Group to “Sell”

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Friday.

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

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock opened at $8.74 on Friday. The stock’s fifty day simple moving average is $10.15 and its 200-day simple moving average is $9.45. Deutsche Lufthansa has a 1-year low of $6.21 and a 1-year high of $11.29. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 6.43, a P/E/G ratio of 0.45 and a beta of 0.84. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its earnings results 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 return on equity of 13.47% and a net margin of 3.63%.The firm had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.38 billion. On average, sell-side analysts predict that Deutsche Lufthansa 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.