Deutsche Lufthansa (DLAKY) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a sell rating in a research report released on Tuesday.
According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “
A number of other brokerages have also commented on DLAKY. Credit Suisse Group upgraded shares of Deutsche Lufthansa from a neutral rating to an outperform rating in a research note on Wednesday, January 10th. Barclays lowered shares of Deutsche Lufthansa from an equal weight rating to an underweight rating in a research note on Friday, February 9th. Finally, Deutsche Bank upgraded shares of Deutsche Lufthansa from a hold rating to a buy rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $43.00.
A hedge fund recently raised its stake in Deutsche Lufthansa stock. Glenmede Trust Co. NA lifted its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,385 shares of the transportation company’s stock after acquiring an additional 1,538 shares during the quarter. Glenmede Trust Co. NA owned 0.07% of Deutsche Lufthansa worth $11,854,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.15% of the company’s stock.
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About Deutsche Lufthansa
Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.
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