Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to “Strong Sell” at Zacks Research

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

A number of other brokerages also recently issued reports on DLAKY. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Barclays raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Deutsche Lufthansa has an average rating of “Hold”.

Deutsche Lufthansa Trading Down 3.5%

DLAKY opened at $8.90 on Tuesday. Deutsche Lufthansa has a fifty-two week low of $6.65 and a fifty-two week high of $11.29. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.73. The company’s 50-day moving average is $9.62 and its 200 day moving average is $9.46. The firm has a market capitalization of $10.67 billion, a PE ratio of 6.54, a P/E/G ratio of 0.49 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings data on Friday, March 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Deutsche Lufthansa had a return on equity of 13.15% and a net margin of 3.63%.The firm had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.38 billion. As a group, research analysts predict that Deutsche Lufthansa will post 0.87 earnings per share for the current fiscal 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.