Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Strong Trading Volume – What’s Next?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw strong trading volume on Monday . 48,061 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 48,467 shares.The stock last traded at $10.21 and had previously closed at $10.28.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup downgraded Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. Kepler Capital Markets raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Finally, Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Down 1.0%

The firm has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $9.04. The company has a market capitalization of $12.20 billion, a PE ratio of 6.32, a P/E/G ratio of 1.29 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.98 billion. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. Equities research analysts anticipate that Deutsche Lufthansa AG will post 0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,270 shares of the transportation company’s stock after purchasing an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the SEC.

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.