Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded to Hold at Barclays

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

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. Zacks Research lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Finally, Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Down 3.7%

Shares of DLAKY opened at $9.17 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market cap of $11.00 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.64 and a beta of 0.83. The stock has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $9.47. Deutsche Lufthansa has a 1 year low of $6.21 and a 1 year high of $11.29.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.47%. The business had revenue of $11.52 billion for the quarter, compared to analysts’ expectations of $11.38 billion. On average, analysts forecast that Deutsche Lufthansa will post 0.87 earnings per share for the current fiscal year.

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.