Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded to “Hold” Rating by Zacks Research

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Finally, Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Lufthansa Price Performance

DLAKY stock opened at $10.64 on Wednesday. The stock’s 50 day moving average price is $10.25 and its 200 day moving average price is $9.39. The firm has a market cap of $12.76 billion, a P/E ratio of 6.61, a PEG ratio of 0.73 and a beta of 0.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. Deutsche Lufthansa has a 1 year low of $6.21 and a 1 year high of $11.29.

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.