Deutsche Lufthansa AG (OTCMKTS:DLAKY) Receives Average Recommendation of “Reduce” from Brokerages

Deutsche Lufthansa AG (OTCMKTS:DLAKY) has been given an average rating of “Reduce” by the eight research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company.

A number of equities research analysts have recently weighed in on the company. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Morgan Stanley lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group cut shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Citigroup downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th.

Deutsche Lufthansa Stock Down 5.3%

Shares of DLAKY stock opened at $10.27 on Tuesday. Deutsche Lufthansa has a 1-year low of $7.91 and a 1-year high of $11.53. The stock’s fifty day moving average price is $10.04 and its 200 day moving average price is $9.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.35). Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.46%. The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.29 billion. On average, research analysts expect that Deutsche Lufthansa will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

A number of large investors have recently made changes to their positions in the stock. Fulton Bank N.A. acquired a new position in shares of Deutsche Lufthansa in the 2nd quarter valued at $120,000. GAMMA Investing LLC lifted its position in Deutsche Lufthansa by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4,779 shares during the period. Finally, Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa during the 1st quarter worth about $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.