Deutsche Lufthansa AG (OTCMKTS:DLAKY) Given Average Recommendation of “Reduce” by Analysts

Deutsche Lufthansa AG (OTCMKTS:DLAKY) has been assigned an average recommendation of “Reduce” from the eight analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company.

DLAKY has been the subject of a number of research reports. Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Citigroup cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. Finally, Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th.

Deutsche Lufthansa Stock Down 1.1%

Shares of OTCMKTS:DLAKY opened at $10.25 on Tuesday. Deutsche Lufthansa has a 1 year low of $7.91 and a 1 year high of $11.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The business’s 50-day moving average is $10.12 and its 200-day moving average is $9.84. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.62 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.29 billion. Equities research analysts predict that Deutsche Lufthansa will post 1.19 earnings per share for the current year.

Institutional Trading of Deutsche Lufthansa

Several hedge funds have recently bought and sold shares of DLAKY. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4,779 shares during the last quarter. Fulton Bank N.A. bought a new position in Deutsche Lufthansa in the 2nd quarter valued at about $120,000. Finally, Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa during the 1st quarter valued at about $204,000.

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.