Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up Following Analyst Upgrade

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares gapped up prior to trading on Monday after Barclays upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $9.12, but opened at $9.74. Deutsche Lufthansa shares last traded at $9.71, with a volume of 28,311 shares trading hands.

Separately, Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,477 shares of the transportation company’s stock, valued at approximately $120,000.

Deutsche Lufthansa Stock Performance

The stock has a market cap of $11.84 billion, a P/E ratio of 8.28, a PEG ratio of 0.57 and a beta of 1.17. The stock has a fifty day simple moving average of $8.61 and a 200-day simple moving average of $9.48. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.02.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a German aviation group whose businesses include passenger airlines, air cargo and aircraft maintenance. Its airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and Eurowings, serving destinations in Europe and around the world. The group also provides aviation services through businesses such as Lufthansa Cargo, which transports freight, and Lufthansa Technik, which maintains, repairs and overhauls aircraft and related equipment. Lufthansa’s main passenger hubs are Frankfurt and Munich.