Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw an uptick in trading volume on Friday . 264,668 shares changed hands during mid-day trading, an increase of 482% from the previous session’s volume of 45,465 shares.The stock last traded at $10.6910 and had previously closed at $11.0850.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DLAKY shares. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Finally, Zacks Research lowered Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Deutsche Lufthansa Price Performance

The stock’s 50 day simple moving average is $10.33 and its 200-day simple moving average is $9.46. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth 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 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.