Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Rating Lowered by Zacks Research

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

Several other equities research analysts have also commented on DLAKY. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Deutsche Lufthansa has a consensus rating of “Reduce”.

Deutsche Lufthansa Trading Up 0.5%

DLAKY opened at $8.79 on Tuesday. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.53. The company has a fifty day moving average of $10.05 and a 200-day moving average of $9.69. The stock has a market cap of $10.57 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.54 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.94.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.21). Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.79%. The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. On average, sell-side analysts predict that Deutsche Lufthansa will post 1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fulton Bank N.A. bought a new position in Deutsche Lufthansa in the second quarter worth approximately $120,000. GAMMA Investing LLC increased its holdings in shares of Deutsche Lufthansa by 52.1% during the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4,779 shares in the last quarter. Finally, Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa during the first quarter worth approximately $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.