Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded at Zacks Research

Zacks Research upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

DLAKY has been the subject of several other reports. Citigroup cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY opened at $10.49 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. Deutsche Lufthansa has a 52-week low of $6.20 and a 52-week high of $10.68. The company has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $9.12. The company has a market capitalization of $12.57 billion, a PE ratio of 6.52, a P/E/G ratio of 0.69 and a beta of 0.86.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.98 billion. Equities research analysts predict that Deutsche Lufthansa will post 0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

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.