Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to Hold at Zacks Research

Zacks Research cut shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Citigroup downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Barclays cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS DLAKY opened at $10.69 on Wednesday. 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 one year low of $6.21 and a one year high of $11.29. The business’s 50-day moving average price is $10.26 and its two-hundred day moving average price is $9.40. The company has a market capitalization of $12.82 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 0.72 and a beta of 0.87.

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.