Deutsche Lufthansa (OTCMKTS:DLAKY) Reaches New 12-Month High – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares reached a new 52-week high on Friday . The company traded as high as $10.80 and last traded at $10.80, with a volume of 12563 shares traded. The stock had previously closed at $10.57.

Analyst Ratings Changes

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

Deutsche Lufthansa Trading Up 2.8%

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. The business’s 50-day simple moving average is $10.02 and its two-hundred day simple moving average is $9.27. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.74 and a beta of 0.87.

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.