Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Up 0.9% After Analyst Upgrade

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) traded up 0.9% during trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $10.36 and last traded at $10.28. 66,217 shares changed hands during trading, a decline of 60% from the average session volume of 166,280 shares. The stock had previously closed at $10.19.

Several other brokerages also recently issued reports on DLAKY. The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Price Performance

The firm has a market capitalization of $12.52 billion, a PE ratio of 6.96, a PEG ratio of 1.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The firm has a 50-day simple moving average of $9.33 and a 200-day simple moving average of $9.68.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.35). Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.46%. The business had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.29 billion. As a group, equities analysts forecast that Deutsche Lufthansa AG will post 1.15 earnings per share for the current 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.