Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded to Underweight Rating by Barclays

Barclays cut shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from an equal weight rating to an underweight rating in a research note issued to investors on Friday, MarketBeat.com reports.

DLAKY has been the subject of a number of other reports. The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

OTCMKTS DLAKY opened at $9.59 on Friday. The company has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $9.51. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. Deutsche Lufthansa has a 12-month low of $6.84 and a 12-month high of $11.29. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.65 and a beta of 0.92.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The firm had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.91%. On average, equities analysts forecast that Deutsche Lufthansa will post 1.12 EPS for the current year.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.