Deutsche Lufthansa (OTCMKTS:DLAKY) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from an underweight rating to an overweight rating in a research report released on Wednesday morning.

Several other analysts also recently commented on the stock. Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Citigroup cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Deutsche Lufthansa presently has a consensus rating of “Hold”.

Deutsche Lufthansa Trading Up 2.7%

OTCMKTS DLAKY opened at $10.67 on Wednesday. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. Deutsche Lufthansa has a 12 month low of $5.69 and a 12 month high of $10.68. The firm’s fifty day moving average price is $9.48 and its 200 day moving average price is $9.00.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the period. 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.